Cboe encourages SEC to allow bitcoin ETFs

Cboe encourages SEC to allow bitcoin ETFs

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A man walks past a Bitcoin symbol on a window of the offices of the bank ‘La Maison du Bitcoin’ on December 05, 2017 in Paris.

Cboe Global Markets, the first to launch bitcoin futures, would like the Securities and Exchange Commission to allow cryptocurrency exchange-traded funds.

 

“Cboe encourages the Commission to approach Cryptocurrency ETPs [exchange-traded products] holistically and from the same perspective that it has historically approached commodity-related ETPs,” the derivatives exchange said Friday in a letter to the SEC, published online Monday.

“The Commission should not stand in the way of such ETPs coming to market” given Cboe’s arguments for addressing the SEC’s concerns, the letter said.

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