According to Block Beats: On December 19, it was confirmed by the U.S. Securities and Exchange Commission (SEC) that Cboe, a leading exchange holding company, had submitted documents for Pando Asset's Bitcoin Spot ETF application. The Swiss asset management firm is seeking approval for a Bitcoin spot ETF, which would represent a significant development in the crypto industry.
So far, the SEC has been cautious with its stance on spot Bitcoin ETFs, not yet approving any such applications while greenlighting several futures-based products. This application and potential approval could offer a new investment avenue for cryptocurrency enthusiasts and institutional investors.
However, with the SEC's recent history of delays on such decisions, it's yet unclear when a determination for Pando Asset's application will be made. As the regulatory landscape continues to evolve, it will be of significant interest to see how the SEC responds to this and future spot ETF applications.