The US is following the trend closely – The Chicago Board Options Exchange (CBOE) has again applied to register the VanEck Bitcoin Trust as an ETF. This March 1 request follows on from the proposal VanEck filed with the SEC on December 30, 2020.
The CBOE persists and signs
This is not the first time that the CBOE has filed such a request with the SEC. The exchange has always attempted to get a Bitcoin ETF approved in the United States. Already in 2018, the exchange filed for registration for a Bitcoin ETF. A request refused, but that did not prevent him from coming back to the charge every year. This new attempt shows us that the CBOE is still very interested in the creation of a Bitcoin ETF.
The New York Digital Investment Group and Valkyrie Digital Assets also filed for registration with the SEC in 2021.
The SEC has made clear its many objections to launching a Bitcoin ETF over the years. However, the financial regulator has an obligation to consider each request on a case-by-case basis. Faced with the success of the first Canadian ETFs, US players are redoubling their efforts in view of the enthusiasm generated by these financial products.