CBOE Withdraws Rule Change Request to List Bitcoin Exchange-Traded Fund
Cointelegraph
Published Jan 23, 2019 20:20
Updated Jan 23, 2019 21:06
The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has apparently withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). According to an official notice published on Jan. 23, BZX withdrew a proposed rule change that would allow it to list a Bitcoin (BTC) exchange-traded fund (ETF).
ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument.
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Written By: Cointelegraph
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