Cboe Global Markets Inc. has applied to list Fidelity’s Bitcoin exchange mutual fund (ETF).
Cboe Global Markets Inc. has applied to list Fidelity’s Bitcoin exchange mutual fund (ETF). In his application to the U.S. Securities and Exchange Commission (SEC), Cboe mentioned that Fidelity wanted to list the Wise Origin Bitcoin Trust, and voiced alleviation of concerns about potential manipulation of the product.
Application Received Despite SEC Chairman Statements
SEC Chairman Gary Gensler said that, as we previously reported, the cryptocurrency market needs new rules and that is why investors need to protect it. These comments were considered to be contrary to the idea that Gensler might be more sympathetic to crypto product approvals.
Still, Cboe submitted a petition to approve tools such as the VanEck Bitcoin fund, one of a number of Bitcoin ETFs seeking a green light from authorities. The SEC has repeatedly declined attempts to list such products in the US.