Bitcoin ETF application filed by CBOE with U.S SEC

The United States Securities and Exchange Commission has received the Fidelity’s Wise Origin Bitcoin (BTC) exchange-traded fund from the Chicago Board Option Exchange.

Seeking to list Fidelity’s Wise Origin Bitcoin Trust Bitcoin ETF that was initially submitted to the SEC by the $4.9 trillion asset manager back in March, CBOE filed a Form 19b-4 on Monday.

Triggering the SEC approval process, Monday’s Form 19b-4 which puts CBOE as the exchange partner for Fidelity’s Bitcoin ETF filing

The Commission’s first response window will close in 45 days upon which the SEC will elect to extend or reject the application altogether. In total, the SEC has 240 days to evaluate Fidelity’s Bitcoin ETF application.

Back in April, the SEC postponed its decision on the VanEck Bitcoin ETF application until June.

CBOE’s filing also puts Fidelity’s application among a list of Bitcoin ETF hopefuls apart from VanEck that include WisdomTree and SkyBridge Capital.

Mike Novogratz’s Galaxy Digital has also submitted a Bitcoin ETF application with the SEC, with the NYSE Arca listed as the exchange partner.

The company, via its subsidiary, also launched a BTC ETF product in Canada back in March. Indeed, Canada has become a Bitcoin ETF trading hub in North America amid a raft of approval by securities regulators in the country.

Meanwhile, Bitcoin ETF hopefuls in the U.S. are keen to see the SEC under Gary Gensler’s charge approve an ETF product for the largest cryptocurrency by market capitalization.


Leave a Comment