US Spot Bitcoin ETFs Set to Make Historic Debut Tomorrow
The long-awaited U.S. spot bitcoin exchange-traded funds (ETFs) will finally commence trading. The Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs on Wednesday to be listed and traded on the NYSE Arca exchange, the Nasdaq stock exchange, and the Cboe BZX Exchange. The three exchanges have indicated that spot bitcoin ETFs will start trading on their platforms on Thursday.
US Spot Bitcoin ETFs to Debut on Thursday
The U.S. Securities and Exchange Commission (SEC) green-lighted 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday.
Six of the 11 approved spot bitcoin ETFs will trade on the Cboe BZX Exchange. They are Ark 21shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Vaneck Bitcoin Trust, Wisdomtree Bitcoin Fund, Fidelity Wise Origin Bitcoin Fund, and Franklin Bitcoin ETF.
Cboe published New Issue Notifications on its website on Wednesday for the spot bitcoin ETFs that will be listed on the Cboe BZX Exchange. The notices state that these exchange-traded funds will be listed on Cboe and will begin trading as new issues on Thursday, Jan. 11.
Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, and Hashdex Bitcoin ETF will trade on the NYSE Arca exchange. The NYSE issued notifications on Wednesday that Grayscale Bitcoin Trust and Bitwise Bitcoin ETF will start trading on Jan. 11. Hashdex is converting its existing ETF into a bitcoin ETF. “The Hashdex Bitcoin ETF will be efficiently created through the conversion of the already trading Hashdex Bitcoin Futures ETF, which was launched on the NYSE in 2022 as the world’s first Bitcoin Futures ETF registered under the Securities Act of 1933,” Hashdex explained.
Blackrock’s Ishares Bitcoin Trust (IBIT) and Valkyrie’s bitcoin fund are also expected to start trading on the Nasdaq stock exchange on Thursday. “Through IBIT, investors can access bitcoin in a cost-effective and convenient way,” Dominik Rohe, Head of Americas Ishares ETF and Index Investing business at Blackrock, opined after the SEC approved his firm’s spot bitcoin ETF.
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