The CBOE has withdrawn its application to list the VanEck SolidX Bitcoin Trust on the CBOE BZC exchange. A document published by the U.S. Securities and Exchange Commission (SEC) shows that the CBOE withdrew its application on January 22 and no explanation for the withdraw was provided.
The letter, which was attributed to SEC Deputy Secretary Eduardo A. Aleman, did not explain why CBOE, which was also the first US exchange operator to list bitcoin futures, pulled the application.
However, the prolonged government shutdown made it increasingly unlikely that the application would be approved before the February deadline. Consequently, the exchange operator may have decided to withdraw the application and re-file rather than have it denied by the SEC’s skeleton crew. Despite numerous attempts by various firms, the SEC has yet to approve a bitcoin ETF.