Cboe says multiple spot bitcoin ETFs will begin trading on Thursday — but key forms not yet approved

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The Block2024/01/10 19:35

By:The Block

Quick Take The exchange sent out notifications naming ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust and the WisdomTree Bitcoin Fund.

Cboe says multiple spot bitcoin ETFs will begin trading on Thursday — but key forms not yet approved image 0

Cboe marked Thursday as the first day of trading for an array of potential spot bitcoin exchange-traded funds as the industry waits for the Securities and Commission to make a decision on whether to approve those products later in the day.

The exchange sent out notifications naming ARK 21Shares Bitcoin BTC -1.02% ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust and for the WisdomTree Bitcoin Fund.

"We are pleased to announce that 1 Exchange Traded Product ("ETP") will be listed on Cboe and will begin trading as a new issue on January 11, 2024," Cboe said.

The SEC has not yet approved the funds, but it is now the latest step and could mean the agency is close to making a decision. Analysts widely expect the SEC to approve of multiple spot bitcoin ETFs later on Wednesday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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