CBOE still confident of positive decision on bitcoin-ETF


Representatives of the Chicago Options Exchange (CBOE) are still convinced that their bitcoin-ETF saga will have a positive outcome.

After the decision to extend the review of the joint bid for the creation of bitcoin-ETF from VanEck and SolidX, the market reacted with a sharp drop to the minimum levels of 2018.

Nevertheless, CBOE and the above-mentioned firms are still convinced of the positive outcome.

“It was expected, and the markets reacted irrationally. The consideration of each such application is always extended. All this was expected and we are confident that 99% bitcoin ETF will be approved,” was written by CBOE employee in an e-mail on condition of anonymity.

The VanEck team was also not surprised and expected such a decision. However, the company refuses to specify the exact terms that are included in the business plans.

“We are confident that our application is the strongest of all submitted to consideration to US regulators. We believe that this will justify itself, “the source in VanEck said.

A former SEC official who now works in the private sector discussed the issue with former colleagues still holding their posts. He told the ICO Journal that they all confirm that bitcoin-ETF from VanEck and SolidX will be approved, but at the same time, the SEC intends to show the market and investors that the regulator is studying a new asset class in the smallest detail.