The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has apparently withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). According to an official notice published on Jan. 23, BZX withdrew a proposed rule change that would allow it to list a Bitcoin (BTC) exchange-traded fund (ETF).

ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument.

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