A source at the SEC: the regulator intends to approve the CBOE

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The Commission on securities and exchange Commission (SEC) on August 10 will consider the application of the Chicago stock exchange CBOE in permission stock trading VanEck SolidX Bitcoin Trust.

If the application is approved, the chances of approval bitcoin ETF from the CBOE will increase significantly. Through this ETF, the company plans to trade stocks SolidX for 25 BTC apiece.

An anonymous source has information about further intentions of the SEC, stated that the Commission is interested in the approval of the application by the CBOE.

“The decision by the bitcoin ETF Winklevoss was expected and it was easy to predict. Nevertheless, all is a matter of timing, not possibility. The question is, will it happen in the last quarter of 2018 or the first quarter of 2019, and this will open doors to exchange products on the basis of cryptocurrency”.

Exchange CBOE also believes that the issue of the approval, the bitcoin ETF is already closed in a positive way.

“We remain convinced that the endorsement of our bitcoin-ETF — almost solved question. Are only the timing and possible administrative delay”, — said the representative of the exchange.

Recall that the application for the opening of a new bitcoin ETF was filed by CBOE stock exchange in early July. Prior to this, the company has filed with the Commission 6 applications, but a positive decision on any of them.

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