The Chicago Board Options Exchange (CBOE) Announces Bitcoin Spot ETPs Trading
The Chicago Board Options Exchange (CBOE) has released notifications stating that several highly anticipated Bitcoin spot exchange-traded products (ETPs) will commence trading on Thursday at 9:30 am ET.
Confirmed ETPs Ready for Trading
The CBOE’s website confirms that the VanEck Bitcoin Trust (HODL), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB) are among the approved ETPs for trading.
Approval Process and SEC Confirmation
Bloomberg ETF analyst Eric Balchunas clarifies that although these ETPs have received CBOE approval, it does not mean they have been approved by the Securities and Exchange Commission (SEC). However, analysts anticipate that the SEC will officially approve them shortly.
SEC’s X Account Hacked
The SEC’s X account was hacked, leading to a false Bitcoin ETF approval notice being published. The hack occurred due to the compromised phone number associated with the account. It was revealed that the SEC did not utilize two-factor authentication for its account.
Bitcoin ETFs Already Visible on Trading Platforms
Users have reported that certain Bitcoin ETFs are already visible on trading platforms like Fidelity and RBC, indicating their imminent availability for trading.
Hot Take: Excitement Builds as Bitcoin Spot ETPs Prepare for Trading
The upcoming launch of highly anticipated Bitcoin spot exchange-traded products (ETPs) on the Chicago Board Options Exchange (CBOE) has generated significant excitement in the crypto community. With ETPs such as the VanEck Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF ready for trading, investors eagerly await the official approval from the Securities and Exchange Commission (SEC). The recent hacking incident involving the SEC’s X account serves as a reminder of the importance of robust security measures in the crypto industry. As these Bitcoin ETFs start appearing on trading platforms, it signals a new era for institutional adoption and accessibility to digital assets.
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