The strongest Bitcoin ETF company withdraws its application! Experts: “Bitcoin ETF approvals in the first quarter are hopeless.”
SEC announces withdrawal of the most prominent ETF company's application
The U.S. Securities and Exchange Commission (SEC) announced that major options exchange Cboe withdrew the Bitcoin ETF application based on the Van Eck/SolidX version filed in June 2018.
As noted above, the official document does not state the specific reasons for the withdrawal.
According to the SEC's announcement, Cboe had already requested withdrawal as of the 22nd,
“to temporarily withdraw to prevent it from being rejected due to the government shutdown.”
This interpretation is gaining momentum.
Gabor Gurbacs, head of the digital assets division at VanEck, commented on Twitter about the withdrawal of the ETF application as follows.
The Bitcoin ETF filing has been temporarily withdrawn. We are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general. Will keep you updated.pic.twitter.com/o9yiN47ZKe
— Gabor Gurbacs (@gaborgurbacs)January 23, 2019
Japanese Translation
We have temporarily withdrawn the Bitcoin ETF.
However, we are still actively coordinating with regulators, market participants, and stakeholders to actively build a market structure framework suitable for Bitcoin ETFs and digital currencies in general.
【Table of Contents for this article】
1: SEC announces withdrawal of the most prominent ETF company's application
2: Expert opinions on withdrawal of Bitcoin ETF applications
➜ VanEck's CEO discusses the reasons for withdrawal of the ETF application
3: Articles related to ETFs
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