According to a story [put together by Coindesk](https://www.coindesk.com/sec-publishes-cboe-etf-filing-for-public-comment/) SEC has filled a number of requests for comments related to some rules that apply to Bitcoin based trading funds. In other words, SEC is asking if there is enough support, or regulatory framework, to support the launch of a ETF (Exchange-Traded Fund) based on Bitcoin.

This move comes in the footsteps of the latest Bitcoin futures product launched by  Chicago Board Options Exchange and Chicago Mercantile Exchange in December last year.

Requests to launch Bitcoin based ETF were constantly rejected by SEC so far. If there will be enough support and a Bitcoin ETH will be launched, it will be the first of its kind.

My personal opinion on Wall-Street-based products making their ways into crypto is rather cautious. Although the general sentiment towards the recent launch of Bitcoin futures was rather positive, very few of the optimists seemed to understand that these futures are now making possible betting against Bitcoin (or shorting it) in a more consistent way. 

While there's nothing wrong with wanting to bet against anything, Bitcoin included, when there's too much betting, shorting or hedging, things are starting to go down.
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_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
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_If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform)_:
* [Rewards: Were Does The Money Come From?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-rewards-were-does-the-money-come-from)
* [Netiquette: How To Avoid Being A Steem Douche?](https://steemit.com/steem/@dragosroua/steemit-newbie-faq-netiquette-how-to-avoid-being-a-steem-douche)
* [Witnesses: What Are They And Why Should You Care?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-witnesses-what-are-they-and-why-should-you-care)
* [How Can I Mine Steem And What CPU / GPU Power Do I Need For That?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-how-can-i-mine-steem-and-what-cpu-gpu-power-do-i-need-for-that)
* [The Beginner Guide To Not Getting Hacked On Steemit](https://steemit.com/steemit/@dragosroua/the-beginner-guide-to-not-getting-hacked-on-steemit)