CBOE SOURCE: “Winklevoss denial is irrelevant, and was expected by us…” | The ICO Journal

The Winklevoss Bitcoin ETF denial moved the crypto markets yesterday. Bitcoin gapped below 8,000 and the crypto community was abuzz as to what the lengthy SEC opinion meant for the next set of crypto ETF submissions.

Specifically, what does it mean for the CBOE’s submission – as they seem to have the strongest institutional case for approval? We reached out to a couple of sources in the institutional space, and one of those sources resides at the CBOE. This is what they had to say…

Our CBOE source: “The Winklevoss denial is irrelevant here. Those that realized that quickly are the voices you should listen to here. Our submission (based on the VanEck SolidX product) is equally backed by the principles needed to expect an approval, but also carries the heft of a regulatory agency that is part private sector and part pseudo-governmental agency. While we are a public company via capitalization, we are still closely tied to regulatory bodies given the need for public trust, etc, etc. That is where the SEC will focus its approval or disapproval chops. We still believe that approval of our Bitcoin ETF product is a near certainty. Just a question of timing and potential administrative delays.”

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