News has emerged that the ETF has been withdrawn by CBOE.

The proposal was filed June 2018 with VanEck an investment firm teaming up with the financial services provider SolidX to provide Physically backed bitcoin ETF to the markets.

The SEC delayed any proposal on the matter a number of times with the SEC facing a final deadline of the 27th February for an answer.

There is no information available currently to why they decided to withdraw the proposed ETF. One idea why is the American government shut down the SEC would rather decline it then let it pass by default after the 27th February.

Bitcoin has already started to react with a drop by 1.1% at the time of writing.