CBOE Exchange has withdrawn a proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares.
U.S. Securities and Exchange Commission (SEC) has published a Notice on its website where deputy secretary Eduardo Aleman wrote that Cboe BZX Exchange has withdrawn its proposed rule change, which would have allowed it to list shares of the VanEck SolidX Bitcoin Trust if approved. The exchange filed its withdrawal on Jan. 22 2019
As per the tweet by Mr.Gabor Gurbacs CEO of VanEck : The Bitcoin ETF filing has been temporarily withdrawn
Jan Van Eck stated on air to CNBC that it was withdrawn because it was not getting passed and they needed more time to convince SEC about overseas bitcoin trading issues
In the notice, reason is not clear but Bitcoin is growing as a global currency but overseas trading will make it more complicated for SEC to approve it, many securities lawyers also speculating that government shutdown would also result in the Bitcoin ETF rejection.
U.S. Securities and Exchange Commission (SEC) has published a Notice