Cboe BZX Exchange has officially withdrawn their Bitcoin Exchange Traded Fund application. Filed last June, the official withdrawal of the application came in on January 22. A letter published on the SEC’s website makes the news official.
SEC deputy secretary Eduardo Aleman writes that the Cboe BZX Exchange rescinded its request for a rule change. The change would have allowed it to list shares of the VanEck SolidX Bitcoin Trust.
According to VanEck (video below, starts at 10:45), the US government shutdown led to the application’s withdrawal.
Filed last June, the ETF application was of great interest to Bitcoin traders. SEC chairman Jay Clayton insists a Bitcoin ETF is a long ways off. The very nature of cryptocurrency markets makes it difficult for the SEC to approve an ETF.