Legalized it a Bitcoin ETF (exchange-traded funds) are fully regulated and based in America Union has long been hope for activist crypto . However , it seems hope that is disappeared , because the ETF proposal was the most eagerly awaited rumored pulled out from study Authority Services Finance (SEC) America United States of America.
On Wednesday (01/23), the SEC released document all along two pages written by Vice SEC Secretary Eduardo Aleman. Document that is stated the Chicago Board Options Exchange (CBOE) has interesting submission change rules which, if approved , will inaugurate Bitcoin ETF is made VanEck and SolidX . CBOE, which is market biggest options in the US, called has been cancel the proposal, which previously got Support outside of normal in end in 2018.
the analysts crypto , observer industry and researcher crowded respond issue latest this on Twitter. Jake Chervinsky , one lawyer based in Washington DC at once observer Bitcoin ETF, explains withdrawal that is signifies CBOE and para its partners already estimate their proposal will rejected .
"CBOE hasn't give away reason , but withdrawal this means they already estimate will happen rejection . CBOE no want there is other SEC decisions that affect future front Bitcoin ETF in bad . Not will there is Bitcoin ETF on quarter first 2019, " explained Chervinsky.
Despite analysis Chervinsky enter sense , happens speculation about rejection of the ETF proposal. Appear guess that government shutdowns US, which started enter month second , be cause VanEck's main proposal SolidX that rejected.
Consequence government shutdowns , a number party claim if the ETF proposal is approved in a manner automatically , the SEC will Act fast for cancel approval that is . On the side others , you can become the SEC already planned publish rejection automatically . If happens , second scenario that is can impact more bad for Bitcoin compared to resignation self CBOE.
Chairman VanEck Jan Van Eck said his side interesting change the rules he proposed , cause there is The proposal concerns not will got light green . Van Eck claims his side need time more many for convince the SEC and institution regulation other that condition market Bitcoin can support a ETF instrument.
Chairman division Van Eck crypto Gabor Gurbacs ensure p that is through account Twitter . Gurbacs said it still have plan for cooperate with stakeholder interests and para market maker for build healthy ecosystems for instrument investation Bitcoin ETF.
Interestingly , the market crypto looked not react to news this. Price Bitcoin still last in over US $ 3,550, temporarily crypto others too survive . Despite so , remember movement price Bitcoin to news Bitcoin ETF on future past , price Bitcoin can down in time close by.
News this catch up some day after Bitwise Asset Management and Wilshire Phoenix submitted a proposal for the Bitcoin ETF to the SEC. The agency Service Finance Japan (FSA) too has been comment on subject matter related ETF instruments crypto and claim his side not is being consider approve instrument investation that is .