The Chicago Board Options Exchange Extends Approval for Bitcoin ETF Listing
The Chicago Board Options Exchange (CBOE) has recently announced that it has extended its approval for listing several spot Bitcoin ETFs, pending the final approval from the Securities and Exchange Commission (SEC).
Potential Listing of Bitcoin ETFs from Prominent Investment Firms
In a letter to the SEC, CBOE disclosed the potential listing of Bitcoin ETFs from renowned investment firms such as VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy.
Advanced Stage of ETF Proceedings
This decision by CBOE signifies the advanced stage of the ETF proceedings. The proactive stance taken by CBOE aims to expedite the registration of these securities under Rule 12d1-2 of the Securities Exchange Act of 1934. The approval of these ETFs could mark a new era of accessibility for traditional investors, providing them with a regulated and straightforward avenue to invest in Bitcoin.
Hot Take: A New Era of Accessibility for Bitcoin Investments?
The Chicago Board Options Exchange’s extension of approval for listing spot Bitcoin ETFs indicates significant progress in the journey towards making Bitcoin investments more accessible. With prominent investment firms like VanEck, Fidelity, Franklin Templeton, ARK Invest, and Invesco Galaxy potentially entering the market, traditional investors may soon have a regulated and straightforward way to invest in Bitcoin. As we await the SEC’s final decision, this move by CBOE highlights the growing acceptance and recognition of cryptocurrencies in mainstream finance.
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