[Reuters]- The CBOE BZX alternate on Thursday submitted a proposal to the U.S. Securities and Alternate Fee (SEC) to checklist and commerce shares in Clever Origin Belief, a spot Bitcoin exchange-traded fund managed by Constancy. .

Constancy is considered one of a number of massive funding managers to enter the cryptocurrency house in latest days. Earlier this month, BlackRock (NYSE:), WisdomTree, Invesco and VanEck additionally filed spot Bitcoin ETFs.

A flurry of functions by so-called “conventional finance” heavyweights has come underneath a dramatic crackdown since final 12 months, respiratory life into the sluggish cryptocurrency business.

Investor sentiment additionally cooled when the SEC filed a lawsuit towards two main cryptocurrency exchanges, Binance and Coinbase (NASDAQ:) World, earlier this month.

The SEC has rejected a number of spot Bitcoin ETF functions lately, together with one by Constancy in January 2022.

Spot ETFs monitor cryptocurrency costs straight, whereas futures-based ETFs comply with the worth of Bitcoin futures contracts.