VanEck and SolidX Submitted BTC ETF Application to SEC, Again
The largest exchange CBOE together with the crypto companies VanEck and SolidX again submitted an application to the SEC for bitcoin ETF creation. As the companies promised, after the end of the US government shutdown, they again began to fight for the creation of a new crypto derivative.
Last week, VanEck and SolidX withdrew the bid to create a BTC ETF, that they filed last year. The regulator had to rule out on it on February 27, 2019. As VanEck CEO Jan Van Eck stated, because of the US government shutdown, companies and the regulator could not negotiate. Therefore, they decided to withdraw their application. But Jan Van Ek promised as soon as the authorities returned to work, companies would resume their efforts to create a bitcoin ETF.
VanEck’s head of digital asset development strategy, Gabor Gurbach, said yesterday the companies had again filed an application to the SEC. After the application appears in the official federal register, the regulator will have 240 days to make a decision. If necessary, the authorities can extend this period by several months.
If the SEC approves the application, then the shares of the newly established fund will be traded on the CBOE exchange.
- Earlier this week, two more companies — Bitwise and the NYSE — applied for the creation of bitcoin ETF.