CBOE refiles the VanEck/SolidX Bitcoin ETF proposal to SEC

CBOE resubmitted its joint proposal with VanEck and SolidX to the U.S. Securities and Exchange Commission, to launch the first U.S. Bitcoin exchange-traded fund.

The digital asset strategist/director at VanEck, Gabor Gurbacs, took to Twitter to make the announcement.

Just a week ago, Chepicap reported that CBOE BZX Exchange had withdrawn its proposed rule change that would have allowed for the listing of the highly anticipated VanEck SolidX Bitcoin ETF.

Read more: CBOE has withdrawn proposed rule change for VanEck SolidX Bitcoin ETF

While little was known at the time, Jan Van Eck, the chief executive at VanEck, took to CNBC’s ‘ETF Edge’ to explain the rationale behind the sudden shift.

Van Eck explained that the US government shutdown, which took 35 days, disallowed his firm from discussing pertinent regulatory matters with the SEC.

The three firms thought it was the logical choice to pull their application, specifically in a bid to prevent an automatic rejection or approval, which could have complicated the entire situation.

At this point we can assume that the reopening of the US government reassured VanEck to go ahead with its Bitcoin ETF proposal.