The Chicago Board Options Exchange (Cboe) has filed with the U.S. Securities and Exchange Commission (SEC) to list multiple bitcoin futures ETFs, public records show. According to Cboe’s website, the firm submitted proposed rule changes that would clear the way for listing the following ETFs: the First Trust Bitcoin Strategy ETF, the First Trust Inverse Bitcoin Strategy ETF, the GraniteShares Bitcoin ETF, the GraniteShares Short Bitcoin ETF, the REX Bitcoin Strategy ETF and the REX Short Bitcoin Strategy ETF.
The proposed rule changes were filed with the SEC between Dec. 15 and Dec. 19. The pace of the filings is notable given that Cboe launched its first bitcoin futures contracts 11 days ago, with the first of the ETF filing coming just days after the product first went live. Compared to past bitcoin-related ETF efforts, the six in question would track the performance of futures rather than the digital asset itself.
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Now, this is kind of expected because the rejection of SEC for ETFs was hinged on the lack of platform like what is being provided by the futures now. We should be expecting that there can be some ETFs that can get the approvals they need by next year. So we will have the futures and the ETFs both working hand in hand in making Bitcoin legit and acceptable to the general investing society.