CBOE prepares for approval of Bitcoin Spot ETFs:
- CBOE claims trading of Bitcoin Spot ETFs could begin as soon as tomorrow
- Several funds, including ARK 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund, are named
- No Bitcoin ETF has been approved by the SEC yet
Trading of Bitcoin ETFs beginning tomorrow?
The long-awaited approval of Bitcoin Spot ETFs is on the verge of becoming a reality, according to many experts. Recently, the Chicago Board Options Exchange (CBOE) stated that trading of Bitcoin Spot ETFs could start as early as this Thursday.
“We are pleased to announce that an exchange-traded product (“ETP”) will be listed on Cboe and will begin trading as a new issue on January 11, 2024″
CBOE stated
Among the funds listed by CBOE are ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, and WisdomTree Bitcoin Fund.
SEC on the Verge of Approving Bitcoin Spot ETFs?
Although the SEC has yet to approve any Bitcoin ETFs, CBOE’s announcement is seen as a crucial step towards such approval.
Analysts widely expect the SEC to approve several Bitcoin Spot ETFs later in the day. This development is highly anticipated and could have a significant impact on the entire digital asset industry.
High volatility is also expected in the cryptocurrency market.
