January 10, 7:24 GMT
New York, NY – January 10, 2024: In a stunning turn of events, the Chicago Board Options Exchange (CBOE) just announced that spot Bitcoin ETFs will officially begin trading tomorrow, marking a historic moment for the cryptocurrency industry. This comes on the heels of a whirlwind week that saw the Securities and Exchange Commission (SEC) finally greenlight several long-awaited applications for these ETFs, following months of deliberation and controversy.
CBOE SAYS SPOT BITCOIN ETFS WILL BEGIN TRADING TOMORROW
Source: DB | Coins: BTC
— db (@tier10k) January 10, 2024
The SEC’s decision arrived earlier today, after a frantic 48 hours sparked by a bizarre incident. On Tuesday, the official Twitter account of the SEC was briefly compromised by unknown hackers who tweeted a premature announcement of Bitcoin ETF approval. While the tweet was quickly deleted and the account secured, it sent shockwaves through the financial world, igniting rumors and speculation.
This apparent pressure, coupled with growing calls for regulatory clarity, appears to have pushed the SEC’s hand. In a carefully worded statement released this afternoon, the Commission confirmed the approval of multiple Bitcoin ETF applications, citing “sufficient safeguards” and the exchanges’ “demonstrated ability to meet our stringent conditions.”
The CBOE wasted no time, announcing immediately that trading for the newly greenlit ETFs would begin as early as tomorrow morning. This rapid response from the exchange suggests a high level of preparedness and anticipation for this moment.
The news of spot Bitcoin ETFs reaching the market sent shockwaves across financial markets. Cryptocurrencies saw immediate surges, with Bitcoin breaking the $80,000 barrier for the first time ever. Traditional market indices are also reacting positively, driven by the promise of increased access to the burgeoning digital asset class.
Market analysts predict a potentially wild ride in the coming days, with significant trading volume expected for the new ETFs. Experts warn of potential volatility, urging investors to approach with caution and a well-considered strategy.
One thing is certain: the long-awaited arrival of spot Bitcoin ETFs marks a major turning point for the cryptocurrency industry. With increased accessibility and regulatory clarity, Bitcoin and its peers are poised for further mainstream adoption and potentially wider acceptance from financial institutions and traditional investors.
Stay tuned for further updates as this unprecedented story unfolds
More ETF news…
Explore the latest breakthroughs in the cryptocurrency sphere with our comprehensive coverage of Bitcoin ETF news. In a significant development, regulatory approval for a Bitcoin spot ETF has been granted, ushering in a new era for digital asset investments. Delve into the implications for investors and the broader financial landscape as we dissect the details surrounding this groundbreaking decision. Stay ahead of the curve with our timely updates on Bitcoin ETF developments, providing you with valuable insights into the evolving world of blockchain investments. Trust our expert analysis to guide you through the dynamic landscape of cryptocurrency investments.
BITWISE FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 3:10 GMT
VALKYRIE FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 2:54 PM GMT
FRANKLIN FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 2:49 PM GMT
POSSIBLE: SEC FILED BLACKROCK SPOT BITCOIN ETF. NOTICE OF FILING OF AMENDMENT NO. 1 TO A PROPOSED RULE CHANGE TO LIST AND TRADE SHARES OF THE ISHARES BITCOIN TRUST UNDER NASDAQ RULE 5711(D) – January 9, 2:40 PM GMT
INVESCO & GALAXY FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 2:10 PM GMT
21SHARES & ARK FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 1:26 PM GMT
VANECK FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 11:08 GMT
BLACKROCK FILED AN UPDATED VERSION OF ITS SPOT BITCOIN ETF S-1 APPLICATION – January 9, 11:06 AM GMT
More ETF News: