Multiple spot Bitcoin ETFs to begin trading on CBOE tomorrow, pending SEC approval

1 Mins read

  • Leading American options trading exchange lists six spot Bitcoin ETFs for trading, which begins tomorrow
  • The trading is still subjected to approval by the US SEC

The Chicago Board Options Exchange (CBOE) has listed multiple spot Bitcoin ETFs to begin trading tomorrow. The leading stock exchange has published a trading circular for a total of six spot Bitcoin ETF products.

The products that have made it on its list are ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, and WisdomTree Bitcoin Fund. All these Bitcoin products are meant to begin trading as a new issue on January 11, 2024. Interestingly, CBOE has not listed the Bitcoin product of a key market player – Blackrock, an investment management giant.

The announcement has not had a significant impact on Bitcoin’s price. According to CoinMarketCap, BTC was trading at $46, 291.21 with a market cap of $907 billion. The coin did not register a massive gain or loss in the past day. Whereas the seven-day chart showed a gain of over 8 percent.

Spot Bitcoin ETF trading subjected to SEC approval

Notably, the move from the largest American options exchanges comes before the US Securities and Exchanges Commission (SEC) official announcement. While the entire market is optimistic about an approval this time around, the power still ultimately rests in the hands of SEC, which Gary Gensler heads.

However, the scenario has been different this time around, particularly with the participation of Blackrock. Unlike previous applications, the commission seems to have held multiple dialogues with the applicants. This has been followed by multiple submissions of amended applications.

Additionally, all the companies have issued their sponsor fees for the product. This event has even led to a competition on who offers lesser fees, with companies announcing slashes every day.

Moreover, the CEO of Van Eck, Jan van Eck stated that he was expecting the SEC to approve the applications today and for the exchange-traded fund to begin trading tomorrow. Even market experts are expecting the commission to make an announcement today but after the traditional market closes.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.