Cboe Greenlights Spot Bitcoin ETFs, Awaits SEC Nod

• Spot Bitcoin ETFs Approved for Listing by CBOE Awaiting SEC Approval
• CBOE Gives Green Light for Spot Bitcoin ETFs, Pending SEC Decision
• Signs of Competition Emerge Among Spot Bitcoin ETFs
• Market Impact of Spot Bitcoin ETF Approvals

Spot Bitcoin ETFs Approved for Listing by CBOE Awaiting SEC Approval

The Chicago Board Options Exchange (CBOE) has given the green light for the listing of multiple Spot Bitcoin$42,260 -0.64% Exchange-Traded Funds (ETFs), contingent on approval from the US Securities and Exchange Commission (SEC). Among the approved ETFs are those issued by financial giants VanEck, Fidelity, Franklin$0.0015 -3.24% Templeton, Ark Invest, and Invesco Galaxy. With the industry eagerly anticipating the SEC's verdict on more than a dozen Bitcoin investment product applications, approval could lead to trading commencing as early as Thursday morning for most issuers.

CBOE Gives Green Light for Spot Bitcoin ETFs, Pending SEC Decision

Over the past several months, the digital asset sector has been on tenterhooks awaiting the SEC's decision on a range of Spot Bitcoin ETF applications. With false approval rumors circulating last night, many are now gearing up for January 10th as the potential issue date. In preparation, one eminent exchange has already paved the way for listings.

Specifically, the CBOE has given the all-clear to several Spot Bitcoin ETFs, contingent on SEC approval. Included in these approvals are:

Signs of Competition Emerge Among Spot Bitcoin ETFs

With potential approval looming, each Spot Bitcoin ETF has already disclosed their respective fees, representing the first inklings of competition among issuers of this investment product. Following the SEC's potential approval of a variety of these funds, these competitive dynamics will play a crucial role in the coming months.

Market Impact of Spot Bitcoin ETF Approvals

Once the SEC approval is granted, issuers are likely to get the ball rolling without delay. Many of them are fully poised to start trading operations by Thursday morning. Ultimately, this could have significant ripple effects on Bitcoin's price and overall asset market.

Edited by Jonathan Stoker