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(Reuters) – The Cboe BZX Alternate on Thursday filed a proposal with the U.S. Securities and Alternate Fee (SEC) to listing and commerce shares of the Clever Origin Belief, a spot bitcoin exchange-traded fund managed by Constancy.
Constancy is one in all a number of large funding managers which have dived into the crypto area in current days. Earlier this month, BlackRock (NYSE:), WisdomTree, Invesco and VanEck additionally submitted paperwork for spot bitcoin ETFs.
The spate of filings from the so-called “conventional finance” heavyweights has breathed some life into an ailing crypto business that has been beneath a dramatic crackdown since final yr.
Investor sentiment was additionally dampened by the SEC’s lawsuits towards Binance and Coinbase (NASDAQ:) World, two main crypto exchanges, this month.
The SEC has rejected a number of spot bitcoin ETF purposes previously few years, together with one from Constancy in January 2022.
Spot ETFs immediately monitor the worth of the cryptocurrency, whereas futures-based ETFs observe the worth of bitcoin futures contracts.