Spot Bitcoin ETF Tickers Appear on Trading Platforms Ahead of SEC Approval
Trading platforms are already showing spot Bitcoin ETF symbols, signaling anticipation for approval from the U.S. Securities and Exchange Commission (SEC). Fidelity’s retail trading app, for example, displayed tickers for ARK 21Shares Bitcoin ETF (ARKB), although trading was currently unavailable.
Bloomberg Lists Pending Bitcoin ETFs on Terminal
Bloomberg has taken note of the impending Bitcoin (BTC) ETFs by listing 11 of them on its terminal as “pending listing.” This move further highlights the industry’s eagerness for these investment products to be approved.
CBOE Requests Acceleration for Invesco Galaxy
The Chicago Board Options Exchange has filed a request with the SEC on behalf of Invesco Galaxy, seeking permission to list and commence trading simultaneously with other issuers like ARK 21Shares and BlackRock.
Approval Expected Soon
The SEC is expected to announce approval for multiple spot Bitcoin ETFs, with firms potentially opening trading as early as January 11. Analyst James Seyffart believes that once the approved 19b-4 applications, which are proposals for rule changes, are revealed, it will be a clear indication that BTC ETFs are indeed happening.
Hot Take: Spot Bitcoin ETFs on the Horizon
With spot Bitcoin ETF tickers appearing on trading platforms and various entities making moves to accelerate the listing and trading process, it seems increasingly likely that the SEC will approve these investment products soon. The anticipation in the industry is palpable as investors eagerly await the opportunity to gain exposure to Bitcoin through regulated ETFs. Once approved, these ETFs could potentially open up new avenues for mainstream adoption of cryptocurrencies and provide a more accessible investment option for individuals and institutions alike.
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