BusinessExciting News: Cboe Set to Launch Bitcoin ETFs on Thursday Despite SEC's...

Exciting News: Cboe Set to Launch Bitcoin ETFs on Thursday Despite SEC’s Pending Approval

Exciting news from Cboe Global Markets! Six spot bitcoin (BTC) exchange-traded funds will be listed and start trading on its stock exchanges on Thursday. Are you ready?

The Ark 21 (ARKB), Fidelity (FBTC), Franklin Templeton (EZBC), Invesco (BTCO), VanEck (HODL) and WisdomTree (BTCW) bitcoin ETFs appeared on the exchange operator’s “New Listings” page on Wednesday. Check it out.

The listing doesn’t mean that the ETFs will be approved by SEC. The commission still needs to approve the applicants’ 19b-4 and S1 filings. So the wait continues!

“We are still awaiting SEC approval of our spot bitcoin ETFs,” a Cboe spokesperson said. “The notices posted to our website are standard procedure in preparation of an ETF launch.” Stay tuned for the latest updates!

For full coverage of bitcoin ETFs, click here.

We’re on the edge of our seats waiting for potential official approval on Wednesday from the U.S. Securities and Exchange Commission. Exciting times ahead! Approval of bitcoin ETFs would broaden bitcoin access to more investors, who wouldn’t have to go to a crypto exchange, potentially providing an easier way to buy the world’s largest digital asset.

There are about a dozen applicants for bitcoin ETFs that are awaiting approval from the SEC. The battle to capture bitcoin ETF market share has already heated up between the applicants as peers continue to lower their fees ahead of the potential green light. Let the competition begin!

Nikhilesh De contributed reporting.

UPDATE (Jan. 10, 2023, 20:19 UTC): Adds Cboe spokesperson’s statement.

Edited by Nick Baker.

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