In an unexpected turn of events, the Bitcoin ETF application filed by Cboe BZX Exchange has been withdrawn.

Notice of Withdrawal

The bitcoin ETF proposal filed by Cboe BZX Exchange to list and trade shares of SolidX Bitcoin Shares which are issued by the VanEck SolidX Bitcoin Trust has been withdrawn today, January 22nd, 2019.

The notice of withdrawal was published by the Securities and Exchange Commission (SEC) today, January 23rd.

The proposal was filed back in June, 2018. Back then, the investment company VanEck partnered with SolidX – a financial service provider, in order to provide physically-backed bitcoin ETF.

The Commission had delayed its decision on the proposed Bitcoin ETF on multiple occasions, ultimately leaving February 2019 as the deadline.

According to Gabor Gurbacs, Director of Digital Assets Strategy at VanEck/MVIS, the application has been delayed temporarily:

The Bitcoin ETF filing has been temporarily withdrawn. We are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general. Will keep you updated.

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