as applications for a spot bitcoin exchangetraded fund head to the sec for review cryptocurrency experts remain cautious as to whether proposed surveillancesharing agreements will be the key to the approval process well keep giving more information to our regulators cboe ceo ed tilly told cnbcs bob pisani on etf edge on monday we want them to have every bit of information that we have at our fingertips so that the surveillance and the confidence for all investors is top notch cboe has several applications for bitcoin etfs to list on its exchange including funds from wisdomtree vaneck and ark this week the securities and exchange commission acknowledged submissions from several firms including vaneck and wisdomtree with those proposals appearing wednesday on the federal register this is maybe a step closer but very difficult to handicap whats going to come out of a regulator tilly said last week the bitcoin community gained a partial victory after a judge in the southern district of new york ruled that ripples xrp could be considered a security in some cases the court ruling marked the secs first loss in enforcing its crypto regulations the institutional investors who had full disclosure and awareness were offered an investment contract michael green chief strategist at simplify told pisani in the same interview but the exact same thing sold in the secondary market to retail investors has been deemed not a security green explained that the ruling distinguishing the sale of xrp based on whether the tokens were purchased directly or through an exchange was absurd i just think its a bad ruling but well ultimately see how that plays out he said the entire space is struggling for clarity