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The Cboe BZX Exchange has announced its readiness to list six new spot Bitcoin exchange-traded funds (ETFs) on January 11, 2024. This <a href="https://coingape.com/breaking-cboe-approves-multiple-spot-bitcoin-etfs-for-trading/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">move</a> comes as the Securities and Exchange Commission (SEC) nears its decision on the approval of these ETFs, a decision eagerly awaited by investors and market analysts.
The ETFs poised for listing include Invesco Galaxy Bitcoin ETF (BTCO), Franklin (EZBC), ARK 21Shares (ARKB), VanEck Bitcoin Trust (HODL), Fidelity Wise Origin Bitcoin Fund (FBTC), and WisdomTree Bitcoin Fund (BTCW). This diverse array of ETFs reflects the growing <a href="https://coingape.com/us-sec-behind-spot-bitcoin-etf-approval-mix-up-bloomberg-analyst/" rel="noopener noreferrer nofollow">interest</a> and variety in Bitcoin investment vehicles, catering to different investor preferences and strategies.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Cboe BZX issues listing circulars for 6 new <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs to list tomorrow Jan 11, 2024.
 Invesco Galaxy Bitcoin ETF <a href="https://twitter.com/search?q=%24BTCO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCO</a> Franklin Bitcoin ETF <a href="https://twitter.com/search?q=%24EZBC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$EZBC</a> ARK 21Shares Bitcoin ETF <a href="https://twitter.com/search?q=%24ARKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARKB</a> VanEck Bitcoin Trust <a href="https://twitter.com/search?q=%24HODL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HODL</a> Fidelity Wise Origin Bitcoin Fund <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$FBTC</a> WisdomTree Bitcoin Fund <a href="https://twitter.com/search?q=%24BTCW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCW</a>… <a href="https://t.co/GJkq6yLFRB" rel="noopener noreferrer nofollow">pic.twitter.com/GJkq6yLFRB</a>
 — ETF Hearsay by Henry Jim (@ETFhearsay) <a href="https://twitter.com/ETFhearsay/status/1745157728371159284?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="bitcoin-etf-approval-process-in-the-final-stage">Bitcoin ETF Approval Process in the Final Stage</h2>
Despite the excitement, the SEC’s final approval, crucial for these ETFs to begin trading, is still pending. As per the process, the approval of 19b-4 and S-1 forms is necessary for these funds to become active. Bloomberg ETF analyst Eric Balchunas indicated that formal approvals will likely be announced around 4-6 pm ET today. This development would mark a significant milestone in integrating cryptocurrency into mainstream investment channels.
Adding to the anticipation, Eleanor Terrett revealed that at least one issuer had received confirmation from the SEC about the approval of their ETF today. However, she also noted a cautionary sentiment, quoting a senior executive from a Bitcoin spot ETF applicant, 
<blockquote>
 “This is Gensler, so who knows when this happens.”
</blockquote>
<h2 id="implications-of-the-sec-s-decision">Implications of the SEC’s Decision</h2>
The SEC’s impending <a href="https://coingape.com/bitcoin-etf-will-sec-brief-press-on-decision-after-market-close/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">decision</a> is not just a procedural step but a pivotal moment for the cryptocurrency industry. Approval of these ETFs would signify a shift in the regulatory landscape, potentially opening doors for more mainstream investment in Bitcoin. It also reflects the SEC’s evolving stance on cryptocurrencies, balancing regulatory oversight with market innovation.
Moreover, the approval could fundamentally change how investors <a href="https://coingape.com/spot-bitcoin-etf-imminent-but-jamie-dimon-sees-no-value-in-btc/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">engage</a> with Bitcoin. In addition, offering a regulated and potentially safer avenue for Bitcoin investment, these ETFs can attract a broader range of investors, including those hesitant to invest directly in cryptocurrencies due to concerns over volatility and security.
Read Also: <a href="https://coingape.com/ripple-labs-to-buy-back-285m-stake-in-major-shareholder-move/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">Ripple Labs to Buy Back $285M Stake in Major Shareholder Move</a>
The post <a href="https://coingape.com/breaking-cboe-announces-six-bitcoin-etfs-awaits-sec-green-light/" rel="noopener noreferrer nofollow">Breaking: Cboe Announces Six Bitcoin ETFs, Awaits SEC Green Light</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Breaking: Cboe Announces Six Bitcoin ETFs, Awaits SEC Green Light

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