CBOE accelerates the application to list Bitcoin products as the first cryptocurrency ETF in the US

GreenCandleCollector · 2026-01-26T05:02:33+00:00

The Chicago Board Options Exchange (CBOE) is advancing the application for a cryptocurrency ETF from asset management company VanEck, seeking formal approval from the SEC. This ETF offers advantages for individual investors, including regulated custodial services, ensuring the safety and transparency of Bitcoin investments. The SEC's review process is ongoing, potentially leading to the establishment of a Bitcoin ETF market for retail investors.

GreenCandleCollector

2026-01-26 05:02:33

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The Chicago Board Options Exchange (CBOE) is proceeding with the formal approval process to the U.S. Securities and Exchange Commission (SEC) for the listing application of asset management company VanEck’s cryptocurrency ETF. Earlier this year, CBOE submitted Form 19b-4 to the SEC, intensifying efforts to seek approval for a Bitcoin ETF listing.

VanEck’s Bitcoin ETF Application: Progressing Toward SEC Approval

VanEck’s proposed Bitcoin ETF is positioned as a product with intermediary functions that differ from traditional spot trading. If approved, this will be CBOE’s first cryptocurrency-related product since February 2019. CBOE emphasizes in writing the benefits of cryptocurrency investment through ETFs.

Reasons Why Cryptocurrency ETFs Are Advantageous for Individual Investors

Gaining exposure to Bitcoin through an ETF offers convenience for individual investors compared to direct purchase in the spot Bitcoin market. The most notable advantage is the custody system for Bitcoin assets managed by trust companies, ensuring secure management by custodians.

CBOE’s documents specify that the custodian is a “trust company authorized and regulated by the New York State Department of Financial Services.” This regulatory framework ensures transparency and safety of cryptocurrency assets.

SEC Review Process and Future Schedule

Once the SEC officially begins the review process, it will make a decision within the first 45 days or extend the review deadline. If necessary, the SEC can extend the review period up to a maximum of 240 days. As this timeline indicates, the path to ETF realization involves several stages.

History of CBOE and Cryptocurrency Products

The provision of cryptocurrency products by U.S. financial institutions is closely linked to CBOE. In December 2017, CBOE launched the first Bitcoin futures contract approved by U.S. regulators, ahead of the Chicago Mercantile Exchange (CME) by just a few weeks. However, in 2019, CBOE ceased handling Bitcoin futures and subsequently distanced itself from the cryptocurrency market.

This recent Bitcoin ETF listing application marks CBOE’s renewed effort to access the cryptocurrency market and could be a significant step toward establishing a cryptocurrency ETF market for individual investors.

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