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ARTICLE · 29 JANUARY 2018

SEC Seeks Comments On Proposed Rule Changes To List Bitcoin ETFs

McCarthy Tétrault
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The rule changes suggested by the CBOE pertain to rules governing advisors and brokers that would support the ETF products when launched.

CanadaFinance and Banking
Canadian Securities Regulatory Monitor
Canadian Securities Regulatory Monitor
Sonia Struthers
Sonia Struthers
Andrew Armstrong
Andrew Armstrong
Ana Badour
Ana Badour
Shauvik Shah
Shauvik Shah
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On December 15 and 19, 2017, the Chicago Board Options Exchange ("CBOE") proposed in separate filings two rule changes which would exempt its proposed bitcoin ETFs from certain market manipulation rules. The rule changes suggested by the CBOE pertain to rules governing advisors and brokers that would support the ETF products when launched. The CBOE currently plans to list a total of four ETFs.

The SEC is asking for public comment on the proposed rule changes (released on December 28 and January 2) that, if approved, would result in the listing of the first bitcoin-based ETFs in the United States. The SEC will be accepting written comments for three weeks after the filings are published in the Federal Register.

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