Cboe Greenlights Spot Bitcoin ETF Listings
The Chicago Board Options Exchange (CBOE) has given its nod of approval for various Spot Bitcoin ETF to be listed on its exchange. This approval, however, is contingent upon the forthcoming approval from the Securities and Exchange Commission (SEC).
Key Details:
- Cboe approves listing applications for several high-profile spot BTC ETFs.
- These include Ark Invest, Invesco Galaxy, VanEck, Wisdom Tree, Fidelity, and Franklin.
- Bloomberg analysts say this is essentially a request to list tomorrow.
The official request for accelerated registration was sent by the Cboe BZX exchange to the SEC on Wednesday. This move is aimed at expediting the listing process for proposed spot Bitcoin ETFs.
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CBOE asks the SEC to speed up registration for Bitcoin ETF
One of the letters submitted to the SEC stated, “In order to facilitate timely listing, the Exchange requests acceleration of registration of these securities under Rule 12d1-2 of the Securities Exchange Act of 1934, as amended.”
Senior ETF analyst Eric Balchunas shared the news on X, highlighting that this marks the last step before the S-1 effectiveness, with ArkInvest typically leading in such matters.
“Looks like the first ‘request for acceleration’ has dropped. We were expecting them at 4 pm, but earlier is fine. It’s the last step before S-1 effectiveness. Buckle up.”
said Balchunas
James Seyffart, a Bloomberg ETF analyst, emphasized the importance of understanding that this development is not an official approval but rather a request for acceleration.
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“This is essentially a request to list tomorrow. Was expecting this after close today. This is early, but still expected. This is a very late step.
said Seyffart
The cryptocurrency market in the US is awaiting the approval of a Bitcoin ETF. The prices of cryptocurrencies, including Bitcoin, have been experiencing major volatility as dozens of pending Bitcoin ETF applications await approval.
If you are new and puzzled by all the hype about Bitcoin ETFs, check out this dedicated ETF section. In addition, we explain everything you need to know about these ETFs and the latest companies to join the bandwagon with their applications.
