Bitcoin ETF Faces Moving Finish Line as Cboe Aims to Be First

Cboe Global Markets Inc. wants to be the first to list a Bitcoin exchange-traded fund, though there’s still a lot of work needed to win approval from the Securities and Exchange Commission.

“As we chip away at their issues to make them less concerned, at some point they’ll be comfortable with an ETF,” Chris Concannon, the Chicago-based exchange operator’s president and chief operating officer, said in an interview.

The SEC has been wary of bringing crypto to the masses with an ETF despite speculation one would be endorsed as early as this month. It recently postponed a decision on a ...