With the approval of the investment products by the US Securities and Exchange Commission (SEC) expected today, CBOE has said that Spot Bitcoin ETFs will start trading tomorrow. Indeed, the exchange verified that six of the eleven pending ETFs will begin trading on Thursday.
Specifically, the CBOE is set to list Invesco Galadxy Bitcoin ETF (BTCO), Franklin Bitcoin BTF (EZBC), ARK 21Shares Bitcoin ETF (ARKB), VanEck Bitcoin Trust (HODL), Fidelity Wise Origin Bitcoin FUnd (FBTC), and WisdomTree Bitcoin Fund (BTCW). Conversely, CBOE had previously confirmed the listing of the investment products pending SEC approval.
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CBOE Expects Spot Bitcoin ETF Trading Tomorrow
For the past several months, excitement over an incoming Spot Bitcoin ETF has dominated discourse within the digital asset market. However, concerns regarding the SEC’s perspective threatened its potential. However, just ten days into 2024, the approval appears to be a foregone conclusion.
The Chicago Board Options Exchange (CBOE) has said that Spot Bitcoin ETFs will start trading tomorrow. Just hours after the exchange approved the listings, they have seemingly confirmed the increasing likelihood that approvals will be issued by the end of the day today.
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The exchange is set to list six of the 11 pending Spot Bitcoin ETFs. Those include ETFs issued by Franklin Templeton, WisdomTree, VanEck, and Ark Invest. As for the other Spot Bitcoin ETFs, approval is still expected, with the New York Stock Exchange and Nasdaq as the listing exchanges.
Industry-wide experts have predicted that trading could start as early as Thursday morning. Now, some confirmation has arisen that this could be the case. Following a false approval post last night, the industry is almost certain to be met with approvals by Thursday evening.
