[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.