|
|
According to Reuters on the 2nd (local time), the CBOE submitted an application to the Securities and Exchange Commission (SEC) to approve’BanEck Bitcoin Trust’, a bitcoin ETF of VanEck, a U.S. asset management company. Submitted. In this application, CBOE said, “If you allow bitcoin investment through ETF, individual investors will be able to enjoy a number of benefits, such as being able to custody bitcoin more safely.”
Even if you invest in bitcoin, keeping it safe is one of the problems, especially for individual investors. If individuals invest indirectly through ETFs instead of directly investing in Bitcoin, there is an advantage that ETF managers can safely store and manage them using a specialized trust company.
In response, the SEC will review the eligibility of the ETF for listing over the next 45 days and decide whether to approve or reject the ETF. If it is difficult to make a decision during this period, the review period may be extended.
With Tesla and other U.S.-listed companies and institutional investors investing in bitcoin, Goldman Sachs is also known to resume investing in bitcoin futures as early as next week, and the likelihood of bitcoin ETF approval is increasing more than ever. However, it seems that the still high price volatility of bitcoin may be holding back.
However, it is true that the possibility of approval in the US has increased since the Bitcoin ETF was already listed in Canada a while ago. Earlier in the middle of last month, Canadian financial authorities officially approved the Perforce Bitcoin ETF, which was designed by local asset management company Perforce Investment and requested approval. Officially traded on the Toronto Stock Exchange (TSE), it is the first Bitcoin ETF in North America.
Canada’s approval of the Bitcoin ETF is expected to have a positive effect on approval in the United States. Eric Valkunus, an analyst in charge of Bloomberg Intelligence ETFs, said, “In the past, most of the new types of ETFs were approved by Canada and then followed by the United States.” It could be a good thing in raising hope.”
In addition, in the U.S., asset management firms Van Eck Associates and Bitwise Asset Management are submitting applications to the SEC for authorization to launch Bitcoin ETFs, respectively.
– .
