Cboe has approved a list of spot Bitcoin ETFs from several asset managers

The United States Securities and Exchange Commission's full authorization to list bitcoin (BTC) exchange-traded fund (ETF) shares could be a step forward after the Cboe BZX exchange issued approved securities listings from several asset managers.

In letters filed with the SEC on Jan. 10, Cboe said it approved BTC ETF offerings from ARK 21Shares, Invesco Galaxy, Fidelity, VanEck, WisdomTree and Franklin Templeton. The last date of approval or rejection of the spot Bitcoin ETF from ARK 21Shares is January 10, which leads to speculation that the SEC may approve several offers from asset managers at once.

“To facilitate current listings, the Exchange has requested the expedited registration of these securities pursuant to Section 12d1-2 of the Securities Exchange Act of 1934, as amended,” Cboe said.

Cboe continued to publish several new issue notices stating that Bitcoin ETFs will begin trading on the exchange on January 11. “We are an exchange-traded product listed on Cboe and are pleased to announce that it will begin trading as a new issue on January 11, 2024,” the notices stated.

According to the Cboe website, the six funds scheduled to begin trading tomorrow are ARK 21Shares Bitcoin ETF (ARKB), Fidelity Wise Origin Bitcoin Fund (FBTC), Franklin Bitcoin ETF (EZBC), Invesco Galaxy Bitcoin ETF (BTCO), VanEq. Bitcoin Trust (HODL) and WisdomTree Bitcoin Fund (BTCW)

According to Eric Balchunas, an ETF analyst, the Cboe filings were the “last step” before the S-1 asset manager was fully approved with the SEC. If the regulator were to approve the Bitcoin ETF space on January 10, some experts expect the investment vehicles to open for business as early as January 11.

This is basically a request to list tomorrow. I was waiting for this after closing today. So this is early, but still expected. This is a step too late. https://t.co/y8fqUWBEy6

— James Seyff (@JSeyff) January 10, 2024

On January 9, when the SEC is expected to soon decide on the Bitcoin ETF space, the commission's official X (formerly Twitter) account issued a notice seeking full approval. Within minutes, SEC Chairman Gary Gensler said the bill was “broken” and was not announcing a decision on the investment vehicle.

Related: Bitcoin ETF Approval ‘Exercise' Favorite Sell-The-News Reaction – Analyst

The SEC's tweet has led to widespread speculation as to whether it was a premature release by the hacker or an official announcement to fully control the crypto market. X Security Group announced on January 9 that the SEC does not have two-factor authentication enabled for its account. Several US lawmakers have also asked the commission to report on the matter.

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