In an important development, the Chicago Board Options Exchange (CBOE) has issued notices confirming the imminent trading of multiple Bitcoin spot Exchange-Traded Products (ETPs). Set to commence at 9:30 am ET on Thursday, these ETPs include the VanEck Bitcoin Trust (HODL), the Fidelity Wise Origin Bitcoin Fund (FBTC), and the ARK 21Shares Bitcoin ETF (ARKB), as listed on CBOE’s website.
Bloomberg ETF analyst Eric Balchunas clarified that these notifications do not equate to formal approvals by the Securities and Exchange Commission (SEC). However, they represent a significant step toward potential approval, with expectations that the SEC will release official approvals shortly.
This announcement follows a recent incident where the SEC’s Twitter account was hacked, leading to the release of a false Bitcoin ETF approval notice. It was later revealed that the SEC’s Twitter account lacked two-factor authentication, which contributed to the security breach.
Intriguingly, several Twitter users have observed that some Bitcoin ETFs are already visible within the trading interfaces of various platforms, including Fidelity and RBC. This observation has added to the anticipation surrounding the official launch of these ETPs.
As the cryptocurrency community eagerly awaits further updates, the CBOE’s confirmation serves as a crucial indicator of the evolving landscape of Bitcoin investment products and the growing institutional interest in cryptocurrency markets.