The filing was done by the CBOE BZX Exchange, which wanted the SEC to make a rule change allowing it to list the VanEck bitcoin fund.
bitcoin ETF for almost 10 years, but the SEC has been slow to embrace one, citing concerns about the lack of regulation and the potential for fraud and manipulation in the bitcoin market.
The rejection comes weeks after the SEC greenlit the first futures-based bitcoin ETFs: the ProShares Bitcoin Strategy ETF, which began trading Oct.
VanEck’s bitcoin futures ETF has been considered effective by the SEC as of Oct.