Chicago
Mercantile Exchange (CME), one of the world’s largest derivatives marketplaces,
plans to launch
crypto Ether (ETH)/Bitcoin
(BTC) ratio
futures on July 31, 2023. This is even as Cboe BZX Exchange, one of four
equities exchanges operated by Cboe Global Markets, approached the US
securities watchdog on Thursday, requesting permission to list the Wise Origin Bitcoin
Trust, according to Reuters.
Top asset manager Fidelity filed the Trust in March 2021 with the Securities
and Exchange Commission (SEC), seeking to create an exchange-traded fund (ETC) that tracked
the price performance of BTC, Finance Magnates reported. However, the SEC rejected the financial services giant’s proposal
for the spot BTC
ETF in January last year.
Cboe’s application to list Fidelity’s fund comes on the heels of resurging
interest in cryptocurrency exposure among institutional investors. Since the proposal by BlackRock, a fund management firm to the SEC two weeks ago, ARK Invest, Fidelity, Invesco and WisdomTree
have also sought similar approval.
Surprisingly, the wave of new
applications trails the SEC’s recent crackdown on ‘unregistered’ crypto
exchanges in the United States, including Binance and
