The news of the withdrawn plans for cryptocurrency ETFs comes just days after the SEC said it is soliciting comments from the investing public on two proposed rules changes that could prompt the long-awaited introductions of bitcoin ETFs.
The SEC is seeking input on proposed rules changes by the Chicago Board Options Exchange (Cboe) that could allow the exchange to list up to four bitcoin ETFs. Cboe was the first exchange operator in the U.S. to introduce futures based on the volatile digital currency, having done so last month.
“Major exchange companies are beginning to look for ways to capitalize on mounting interest in cryptocurrencies, including Bitcoin,” according to Bloomberg. Cboe is exploring futures on other digital currencies after becoming the first U.S. exchange to introduce Bitcoin contracts in December. Bitcoin has the highest market capitalization among cryptocurrencies, followed by Ethereum and Ripple.
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