Cboe Seeks SEC Approval To List Spot Bitcoin ETFs For The Third Time

On Tuesday, May 9, Cboe Global Markets filed an application with the Securities and Exchange Commission to list ARK 21Shares bitcoin ETF. The exchange-traded fund, created by Cathy Wood's Ark Invest and digital asset trading company 21Shares, if approved, will be the first spot bitcoin ETF in the US.

Several attempts were made to list the fund, all of which were rejected by the Securities and Exchange Commission. One attempt was rejected in April 2022 and another, after several delays, in January 2023. However, the SEC has approved several other types of bitcoin ETFs in recent years.

In addition, Ark partner 21Shares was recently forced to shut down six of its other cryptocurrency-focused products, citing declining interest. However, these were relatively small funds, with total assets of around $700,000.

Image: The Crypto Times