Cboe Launches Bitcoin ETFs Before SEC Approval: Trading Begins Thursday

• Cboe Global Markets Announces Listing of Six Bitcoin ETFs
• SEC Approval Still Pending
• The Impact of an Approved Bitcoin ETF
• A Heated Race for Bitcoin ETF Market Share

Cboe Global Markets Announces Listing of Six Bitcoin ETFs

Cboe Global Markets has communicated that a group of six bitcoin (BTC) exchange-traded funds is set to be listed and initiate trading on its stock exchanges this Thursday. The Ark 21 (ARKB), Fidelity (FBTC), Franklin$0.0015 -3.24% Templeton (EZBC), Invesco (BTCO), VanEck (HODL), and WisdomTree (BTCW) bitcoin ETFs made their appearance on the exchange operator's New Listings page this Wednesday.

SEC Approval Still Pending

It is important to note that this listing does not imply an endorsement by the Securities and Exchange Commission (SEC). The commission still has to approve the 19b-4 and S1 filings made by the applicants.

The Impact of an Approved Bitcoin ETF

Ahead of a possible formal approval on Wednesday from the U.S. Securities and Exchange Commission, many are speculating about the potential impact. An authorized Bitcoin$42,260 -0.64% ETF would widen the accessibility of bitcoin to a larger number of investors. These investors wouldn't need to resort to a cryptocurrency exchange, possibly presenting a simpler method to acquire the world's leading digital asset.

A Heated Race for Bitcoin ETF Market Share

Approximately a dozen applicants are currently awaiting ETF approval from the SEC. The contest for capturing the bitcoin ETF market share has already intensified among the applicants as they continue to reduce their fees ahead of potential approval.

Edited by Jonathan Stoker