Cboe says multiple spot bitcoin ETFs will begin trading on Thursday — but key forms not yet approved

Companies • January 10, 2024, 2:29PM EST

Published 1 minute earlier on

Quick Take

The exchange sent out notifications naming ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust and the WisdomTree Bitcoin Fund.

Cboe marked Thursday as the first day of trading for an array of potential spot bitcoin exchange-traded funds as the industry waits for the Securities and Commission to make a decision on whether to approve those products later in the day.

The exchange sent out notifications naming ARK 21Shares Bitcoin BTC -1.02% ETF, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust and for the WisdomTree Bitcoin Fund.

"We are pleased to announce that 1 Exchange Traded Product ("ETP") will be listed on Cboe and will begin trading as a new issue on January 11, 2024," Cboe said.

The SEC has not yet approved the funds, but it is now the latest step and could mean the agency is close to making a decision. Analysts widely expect the SEC to approve of multiple spot bitcoin ETFs later on Wednesday.

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Sarah is a reporter at The Block covering policy, regulation and legal happenings. Before, Sarah was a reporter with CQ Legal writing about securities regulation, which is where she first started reporting on crypto. Sarah has also written for The Bond Buyer and American Banker, among other finance-related publications. She graduated from the University of Missouri and earned a degree in print and digital journalism. Sarah is based in Washington D.C., and is an avid coffee lover. You can follow her on Twitter @ForTheWynn.