The topic of a Bitcoin ETF has become hot over the last few weeks. Quite a lot of them are in the pipeline, waiting for approval, but it seems that all eyes are looking at the CBOE-backed VanEck/SolidX proposition.
Quite a few applications for cryptocurrency-related exchange-traded funds (ETFs) have been filed throughout the last year, many of which still await any development.
Popular cryptocurrency trader and host of CNBC’s Cryptotrader show Ran Neu-Ner shared a list with the applications and their respective statuses.
Current ETF statuses.. pic.twitter.com/GjAFZs5VE2
— Ran NeuNer (@cryptomanran) July 30, 2018
The wide majority of applications are either awaiting approval or have been withdrawn, with only the Winklevoss-proposed listing of the Winklevoss Bitcoin Fund on BATS BZX Exchange being formally denied.
All Eyes on VanEck/SolidX Bitcoin ETF
While the Bitcoin ETF application of the owners of the Gemini cryptocurrency exchange was met with a definitive disapproval, the community remains enthusiastic as the application that carries the heaviest weight is the one backed by Cboe Global Markets.
The application was filed on June 26th by Cboe Global Markets, who have proposed to partner up with Van Eyck Investment and with SolidX.
Despite the SEC’s skepticism, attested in the rejection of the Winklevoss Bitcoin ETF application, many hold that the one proposed by CBOE has strong chances of getting the go-ahead.
Furthermore, an SEC Commissioner has formally dissented against the decision of the Commission, outlining strong reasons for which it’s flawed. The entire community was strong to show their support, as Commissioner Hester M. Pierce’s Twitter account amassed over 16,000 followers in just a few days after her letter of dissent went public.
Do you think we’ll see the VanEck/SolidX Bitcoin ETF approved? Don’t hesitate to let us know in the comments below!
Images courtesy of Shutterstock and Twitter/@cryptomanran.