Chicago Board options exchange (CBOE) and the company VanEck and SolidX remain confident that the SEC will approve their bitcoin ETF, and heard absolutely nothing. This was announced by the publication of the ICO Journal, citing informed sources.
“It was expected, and markets reacted irrationally. The review of each such application shall always be extended. It was all expected and we are sure 99% that the bitcoin ETF will approve,” said an anonymous source at the CBOE.
Representatives of the company VanEck share a similar opinion. According to their representative, the postponement of the hearing was expected initially.
“We are confident that our bid is the strongest of all the submitted for consideration by the US regulators. We believe that it will justify itself”.
Also the publication of the ICO Journal received a comment a former employee of the SEC regarding the organization’s plans for a bitcoin ETF. According to his former colleagues with whom he communicated on this subject, the Commission intends to approve the application VanEck and SolidX, however, show the market that we plan to launch the product needs to be perfect from all angles.
Recall that the decision of the SEC on the change of venue for a month brought down the price of bitcoin to $6226.
Also previously the CEO of Pantera Capital Dan Morehead said that the market decline on the background of the adjournment by the SEC issue a bitcoin ETF is just an overreaction of investors.