The Chicago Board Options Exchange (CBOE) has approved the listing of several Spot Bitcoin ETFs pending US Securities and Exchange Commission (SEC) approval. Specifically, the exchange approved the listing of ETFs issued by VanEck, Fidelity, Franklin Templeton, Ark Invest, and Invesco Galaxy.
The industry is awaiting the SEC decision regarding more than a dozen applications of the Bitcoin investment product. Moreover, if approval is granted today, as expected, industry experts have predicted trading to start as early as Thursday morning for most issuers.
Also Read: BlackRock Cuts Its Spot Bitcoin ETF Fee To 0.25%
Cboe Already Approves Spot Bitcoin ETF Listings Pending SEC Decision
For the past few months, the digital asset sector has anxiously awaited a decision on a set of Spot Bitcoin ETF applications. Amid a false approval granted last night, many are expecting January 10th as the day they are issued. Now, one prominent exchange has already greenlit listings in preparation.
Specifically, Cboe has approved the listing of several Spot Bitcoin ETFs pending SEC approval. Moreover, those approved include;
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With approval expected today, each pending Spot Bitcoin ETF has already introduced its fees. Moreover, the disclosed fees, and waiver details, are the first sign of competition between the investment product issuers. With the SEC approving a plethora of them, these battlegrounds will be immensely important over the next few months.
Additionally, the issuers are not expected to waste any time once approval has been granted. Many of them are fully prepared to begin trading on Thursday morning. Ultimately, it should have massive implications on the price of Bitcoin, and assets across the board.
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