On June 20, 2018, Cboe BZX Exchange, Inc. (“BZX”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) and Rule 19b-4 thereunder, a proposed rule change to list and trade shares of SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The proposed rule change was published for comment in the Federal Register on July 2, 2018.3 On August 7, 2018, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed ... (full story)

Cboe have withdrawn their proposed rule change to list shares of the SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust. The notice was published today to the SEC’s website, stating that BZX withdrew the proposed rule change yesterday, January 22, 2019. The reasoning for the withdrawal is not yet known, but the current government shutdown in the US likely plays a part in the matter. Jake Chervinsky explained recently on Twitter that the government shutdown was not necessarily positive news in terms of the proposed Bitcoin ETF plans, and if anything, negative. (full story)