CBOE Seeks Approval For Bitcoin ETF As Prices Rise

CBOE Seeks Approval For Bitcoin ETF As Prices Rise

March 2 (Reuters) – CBOE Global Markets seeks approval from the United States Securities and Exchange Commission (SEC) to list a bitcoin exchange-traded fund (ETF), according to a filing, the latest attempt to launch a such product in the United States.

The filing comes as Citi analysts said the most popular cryptocurrency was at a ‘tipping point’ and could become the currency of choice for international transactions, while Reuters reported that Goldman Sachs Group Inc had restarted its cryptocurrency trading desk.

Bitcoin rose 10% on Monday, amid a broader rise in risky assets.

Although its price has increased significantly over the past year, bitcoin remains highly volatile. The virtual…

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