The Securities and Exchange Commission just gave the nod to Spot Bitcoin ETF trading on NYSE American LLC and Cboe Exchange – two of the most prominent
The Securities and Exchange Commission has granted accelerated approval to two stock exchanges to list and trade several exchange-traded fund options, including those linked to Bitcoin.
According to a recent filing by the New York Stock Exchange, the commission has granted accelerated approval for the listing and trading of ETF options. The listing includes FOFO, ARKB, BTIG and FBT. Also included are VBK, WTB, GBTC and GBMT. Rounding out the list are BITW, IBIT and VBK.
The SEC also granted accelerated approval to the exchange Cboe to list FOFO, ARKB, BTIG, FBT, VBK, WTB, GBTC, BITW, IBIT and VBK.
While not a guarantee, the SEC's grant of Accelerated Approval does prioritize these assets in the listing process, meaning that if NYSE and Cboe comply with future regulatory requirements, the filings will likely be accepted.
Bitcoin ETF Market Gaining Liquidity
The third week of October saw an impressive inflow into Bitcoin ETFs, with nearly $2 billion pouring in since Monday.
The accelerated approval, granted by the SEC, is likely to be accepted as the commission had already granted Nasdaw the same approval in August, with the full approval coming a month later. At the time, Nasdaq was permitted to list the iShares Bitcoin Trust ETF.
This development could have a major impact on the market as Bitcoin ETF inflows have averaged $18.9 billion and Bitcoin itself has gained 16% in value since Nasdaw’s accelerated approval was first announced.
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