CBOE filed Fidelity’s Wise Origin Bitcoin ETF with the United States Securities and Exchange Commission
The Chicago Board Options Exchange (CBOE) has submitted Fidelity’s BTC exchange-traded fund (Bitcoin ETF) Wise Origin to the US Securities and Exchange Commission (SEC).
CBOE filed Fidelity’s Wise Origin Bitcoin ETF with the United States Securities and Exchange Commission
The CBOE submitted a Form 19b-4 on Monday to seek to list Fidelity’s Bitcoin Wise Origin Bitcoin Trust ETF initially submitted to the SEC by the $ 4.9 trillion asset manager in March.
Monday’s 19b-4 form placing CBOE as the exchange partner for the Fidelity Bitcoin ETF filing triggered the SEC’s approval process.
The Commission’s first response window will close after 45 days, under which the SEC will choose to renew or reject the application altogether. In total, the SEC has 240 days to evaluate Fidelity’s Bitcoin ETF application. Back in April, the SEC postponed its decision on the VanEck Bitcoin ETF application until June.
CBOE’s profile also places Fidelity’s application on a list of expected Bitcoin ETFs outside of VanEck, including WisdomTree and SkyBridge Capital.
Mike Novogratz’s Galaxy Digital has also filed a Bitcoin ETF application with the SEC, with NYSE Arca listed as an exchange partner.
The company, through its subsidiary, also launched its BTC ETF product in Canada in March. In fact, Canada has become a Bitcoin ETF trading hub in North America in the context of securities regulators. Domestic contracts approved.
Meanwhile, those hoping for a Bitcoin ETF in the US are keen to see the SEC under the direction of Gary Gensler approving an ETF product for the largest cryptocurrency by market cap.
However, recent comments from the SEC commissioner may indicate that such an outcome is unlikely. Speaking in early May, Gensler called for more investor protection in the crypto market.
Under Jay Clayton – the former SEC chairman – the commission routinely identified volatility, price manipulation, and investor protection concerns as the reason for not approving any Bitcoin ETF applications.
You can see the BTC price here.
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