ProShares had first proposed these two funds in September — before CBOE and CME had launched their Bitcoin futures products — and NYSE Arca began seeking SEC approval to list these funds in December. However, as CCN reported, the SEC requested that fund providers withdraw their Bitcoin ETF applications and issued a statement expressing reluctance to approve these products until more investor protections are put in place. Last month, Chris Concannon, president of CBOE, penned a letter to the SEC asking them to consider Bitcoin ETF proposals on a case-by-case basis rather than as a product class. He noted that CBOE has successfully cleared several rounds of Bitcoin futures expirations without incident and said that the Bitcoin markets are rapidly maturing and could soon warrant a regulated ETF.

https://www.ccn.com/sec-quietly-puts-bitcoin-etf-proposals-back-on-the-table/