Overview:
- Cboe BZX Exchange approves listings for spot Bitcoin ETFs from several major asset managers.
- The SEC’s final decision on these ETFs is highly anticipated, with potential for simultaneous approvals.
Cboe’s Proactive Move in the ETF Space
Yello Paradisers! In a significant development for the cryptocurrency market, the Cboe BZX Exchange has announced the approval of securities listings for spot Bitcoin ETFs from a roster of prominent asset managers. This list includes ARK 21Shares, Invesco Galaxy, Fidelity, VanEck, WisdomTree, and Franklin Templeton, marking a pivotal moment in the integration of cryptocurrencies into mainstream financial products.
The Countdown to SEC’s Final Decision
With the deadline for the SEC’s final approval or denial of ARK 21Shares’ spot Bitcoin ETF set for Jan. 10, there’s growing speculation that the SEC might simultaneously approve multiple offerings. Cboe’s request for accelerated registration underlines the urgency and significance of these potential listings.
ETF Analyst Weighs In
ETF expert Eric Balchunas pointed out that Cboe’s filings are the final step before the SEC fully approves the S-1 filings from these asset managers. If the SEC greenlights a spot Bitcoin ETF, trading could commence as early as Jan. 11, opening a new chapter for Bitcoin investment vehicles.
SEC’s Twitter Incident Fuels Speculation
Amidst this anticipation, a now-debunked SEC tweet announcing full approval of a spot Bitcoin ETF caused a stir in the crypto community. SEC Chair Gary Gensler later clarified that the account had been compromised. This incident has sparked widespread speculation about the nature of the tweet and raised concerns over the SEC’s cybersecurity measures, especially given the lack of two-factor authentication on its account.
Lawmakers Demand Answers
In response to the SEC’s Twitter mishap, several U.S. lawmakers have called for a detailed report on the incident, highlighting the need for stringent security protocols in government agencies.
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