Tuesday, June 22, 2021

CBOE has filed Fidelity’s Wise Origin Bitcoin ETF with the SEC.

The Takeaway:

The Chicago Board Options Exchange, or CBOE, has filed Fidelity's Wise Origin Bitcoin exchange-traded fund with the United States Securities and Exchange Commission.

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The Chicago Board Options Exchange, or CBOE, has filed Fidelity’s Wise Origin Bitcoin ETF with the United States Securities and Exchange Commission. CBOE filed a Form 19b-4 on Monday seeking to list Fidelity’s Wise Origin Bitcoin Trust Bitcoin ETF that was initially submitted to the SEC by the $4.9 trillion asset manager back in March. Monday’s Form 19b-4, which puts CBOE as the exchange partner for Fidelity’s Bitcoin ETF filing, has triggered the SEC approval process.

 

SEC has 240 days to evaluate Fidelity’s Bitcoin ETF application.

The Commission’s first response window will close in 45 days, and then the SEC will elect to extend or reject the application altogether. In total, the US SEC has 240 days to evaluate Fidelity’s Bitcoin ETF application. Earlier this year, the SEC postponed its decision on the VanEck Bitcoin ETF application until June. CBOE’s filing also puts Fidelity’s application among a list of Bitcoin ETF hopefuls apart from VanEck that include WisdomTree and SkyBridge Capital.

 

Mike Novogratz’s Galaxy Digital has also submitted a bitcoin ETF application. 

Mike Novogratz-led Galaxy Digital has also submitted a Bitcoin ETF application with the SEC, with the NYSE Arca listed as the exchange partner. The company, via its subsidiary, also launched a BTC ETF product in Canada back in March. Indeed, Canada has become a Bitcoin ETF trading hub in North America amid a raft of approval by securities regulators in the country. Meanwhile, Bitcoin ETF hopefuls in the U.S. are more optimistic to see the SEC under Gary Gensler’s charge approve an ETF product for the leading cryptocurrency by market capitalization. As reported earlier, Gary Gensler called for greater investor protection in the crypto market.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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