As writes the resource Abacus Journal, quoting unnamed insiders on the Chicago Stock Exchange (Cboe), the approval of Bitcoin-ETF is inevitable. According to sources, VanEck, SolidX and Cboe resolved all controversial issues in dialogue with the US Securities and Exchange Commission (SEC), so a positive decision by the regulator is only a matter of time.
Sources clarify that their opinion is based on the discussions that are taking place after the meeting of SEC Commissioner Elad Roizman with representatives of Cboe, VanEck and SolidX, held on October 9. Roizman – the first representative of the American financial regulator, who publicly met with representatives of the three groups.
According to Abacus Journal journalists, who rely on investment data from @CryptoQF , representatives from VanEck, SolidX and Cboe reported on solving “problems”, which, according to SEC, prevented Bitcoin-ETF approval.
- Firstly, they presented the Commissioner evidence that there is already a significant adjustment of derivatives market for Bitcoins .
- Secondly, they noted that markets whose work is essential for Bitcoin-ETF (Cboe, Bitcoin futures , over-the-counter trading platforms) are regulated.
- Thirdly, according to them, concerns about possible price manipulations have decreased due to the approval of commodity ETPs.
- Fourth, Cboe has issued rules that prevent potential stock manipulation, and is committed to providing protection to investors.
Roizman is one of the few representatives of American regulators who are supportive of cryptocurrency . Along with him is Esther Pierce. Commissioner Kara Stein, who in the past voted against Bitcoin-ETF, is expected to leave office in December. According to rumors, her place will be taken by the representative of the Democratic Party Allison Lee. Journalists believe that in the interval between Stein’s departure and Lee’s appointment, the commission may endorse Bitcoin-ETF.
Noting that VanEck has taken care of investor protection, the publication writes that its sources at Cboe view Bitcoin-ETF approval as inevitable. The same sources are confident that the first SEC will approve Bitcoin-ETF from VanEck.
