Cboe files with the SEC to list Fidelity’s bitcoin ETF as the number of firms seeking approval grows

Cboe files with the SEC to list Fidelity’s bitcoin ETF as the number of firms seeking approval grows

The Chicago Board Options Exchange has applied with the US Securities and Exchange Commission Monday to list Fidelity's Wise Origin Bitcoin exchange-traded fund, according to a . Fidelity in March to track the performance of bitcoin. The fund will hold bitcoin and value its shares based on prices from major cryptocurrency exchanges such as Coinbase and Bitstamp, according to a . Cboe's acknowledgment to be Fidelity's exchange partner moves the application process with the SEC, . An exchange partner such as Cboe BZX Exchange or the New York Stock Exchange is necessary to file a Form 19b-4. Only then will the SEC review the application. The agency will now have to respond with a decision to reject or accept the application within 45 days. The SEC has 240 days to evaluate the application in total. The SEC in the past has rejected every cryptocurrency ETF that has applied, which now total to . Most recently, asset manager VanEck . The VanEck Ethereum Trust would list shares on the Cboe, according to an . VanEck and the Cboe are on whether it can list a bitcoin ETF, which the asset manager applied for in March. The regulator until at least July