CBOE bitcoin futures listed on the first Japanese yen stabilized, the United States ushered in a new wave of encrypted currency ETF applications

nBankruptcy Commentary: Before the Chicago Mercantile Exchange, Chicago Board Options Exchange listed bitcoin futures, the first day of the transaction price exceeded 17,000 US dollars, the exchange website collapsed almost at the same time, six hours before the transaction automatically start the fuse mechanism twice. However, the exchange said the system is normal, you can maintain normal transactions. After the currency gradually stabilized, maintained at 16,000 US dollars or more. CMO will also be listed this month, bitcoin futures, Bitcoin ETF listing application also restart again.n
nTranslation: Annie_Xun
The first day of the CBOE Bitcoin IPO hit a new record, with the CoinDesk Bitcoin Price Index showing that the price of the currency exceeded $ 17,000 within a matter of hours of opening. In the meantime, the exchange website happened to crash almost at the same time.n
Bloomberg reported that in the first six hours of Bitcoin futures trading, the fuse mechanism was activated twice.n
However, Michael Mollet, director of product development at the exchange, said:n
n”We did it in an orderly manner, and we met the fusing point several times, but that was because there was no systemic problem with the price of the futures, and we suspended trading and reopened it.”n
nEd Tilly, chief executive of the exchange, added:n
n”I think the situation is quite optimistic.Concept this contract has never been traded in the major exchange markets .CBOE system is confident in the implementation of such contract transactions.”n
nAccording to an open letter from the Futures Industry Association of the Futures Association (FIA) that the futures market was too hasty and did not have enough margin to prepare for the criticism, Tilly said:n
n”I think there is no reason why such an open letter and a malicious vilification of the regulator CFTC (U.S. Commodity Futures Trading Commission) make it appear like a hasty self-attestation without the proper intervention of the CFTC. I respect all the worries in the industry, but I can not approve of such an expression as the FIA.n
nAbout Peter Brokers, founder of Interactive Brokers, said bitcoin derivatives should be separated from the broader market and Tilly explained that Options Clearing Corporation, a clearing house for equity derivatives, is responsible for the liquidation of bitcoin futures contracts.n
n”I want to re-recognize their professionalism, I also recognize their decision.”n
nAlthough the currency raised $ 1,000 in minutes, it has since started to move relatively steadily above $ 16,000.n
In fact, there are two bitcoin futures contracts approved for listing this month, and the CME Group will go public on December 18. The CFTC said Cantor Fitzgerald, a Wall Street investment firm, also plans to create a binary option for Bitcoin.n
Affected by the current listing, the previously failed cryptocurrency ETF (Exchange Traded Fund) listing application regained confidence again.n
The EDGAR system from the Securities and Exchange Commission of the United States shows that the new applications include the VanEck Vectors Bitcoin Strategy ETF, the REX Bitcoin Strategy ETF and the REX Short Bitcoin Strategy ETF. The REX filing date for Connecticut is December 8, and the VanEck filing date is December 11.n
Because the SEC questioned the timing of ETF release.n
Matthew Babinsky, VanEck’s legal adviser, wrote in a September letter that “the SEC staff expressed their opinion that the SFC’s policy is not to vet fund registration applications that do not yet exist on the underlying financial instrument as an investment objective.” The next month, REX made the same statement.n
So, CBOE futures listing is a new time for ETF applications.n

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