The Chicago Stock Exchange (Cboe) re-applied to the US Securities and Exchange Commission with a proposal to make a change to the current rule, which, if approved, will allow it to launch a Bitcoin-linked Exchange Investment Fund (ETF).
The application form 19b-4 is dated January 30 and published on the Cboe website.
The previous application was withdrawn earlier in January. As VanEck CEO Jan Van Eyck explained later, the suspension of the work of US government agencies due to the delay in adopting the country's budget at the end of December 2018 had a direct impact on the course of consideration of the application.
The last day of consideration of the previous proposal was supposed to be February 27.
The countdown on the new application, however, has not yet gone – it will begin after the document is published in the US Federal Register. From this point on, the SEC, taking into account all the delays stipulated by law, may be allotted 240 days.
Last week, new parts of Bitcoin-ETF, previously proposed by the investment fund Bitwise Asset Management and the NYSE Arca Stock Exchange, also became known.
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