President CBOE: SEC will soon see the benefits of bitcoin ETF

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The President of the Chicago Board options exchange (CBOE) Chris Concannon said that in the near future, the Commission on securities and exchange Commission (SEC) uvijet that it is beneficial to work with a bitcoin ETF.

He added that the seriousness and maturity of the cryptocurrency market have been proven at the time of launch focusof on bitcoin, and now to launch a bitcoin ETF is only necessary to decide what should be the acceptable level of liquidity.

The bitcoin futures continues to be less liquid than similar products in gold and oil. It can be a obstacle for SEC approval for ETFs, although they could solve this problem.

Recall that a week ago, the Commission on securities and exchange Commission (SEC) postponed hearings on applications CBOE and VanEck/SolidX launch a bitcoin ETF for a month. Because of this cryptocurrency market fell below $300 billion.

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