January 23, 2019 / 8:12 PM / 4 months ago

Cboe shelving plan for bitcoin-tracking product: filing

FILE PHOTO - People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday that Cboe Global Markets Inc is pulling its proposal to list an exchange-traded product tracking the price of bitcoin, delivering another blow to cryptocurrency enthusiasts.

A Cboe-run exchange dropped plans that have been in front of the commission since June last year to list the VanEck SolidX Bitcoin Trust, the market regulator said in a filing.

Reporting by Trevor Hunnicutt; editing by Diane Craft

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