Two bitcoin ETF proposals are awaiting SEC's decision

Another bitcoin exchange-traded fund (ETF) proposal has been submitted to the U.S. Securities and Exchange Commission (SEC), this time by Cboe BZX Exchange, CoinDesk reports.

Cboe’s VanEck/SolidX proposal has been published in the Federal Register today, officially starting the 45-day period the SEC needs to make an initial decision regarding the application.

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The clock is also ticking for NYSE Arca's Bitwise Asset Management proposal, which appeared in the register on Feb. 15.

So far, the SEC has yet to approve a bitcoin ETF, however, this could change if all of its requirements are met. Eventually, a bitcoin ETF will see an SEC approval, SEC Commissioner Robert J. Jackson Jr. said in an interview earlier this month.

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