The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its shares as securities listed on the Cboe BZX Exchange. However, this filing does not guarantee approval from the SEC.
While some experts speculate that the SEC could approve multiple spot Bitcoin ETF applications before the Jan. 10 deadline, it is important to note that the SEC has never approved a spot BTC ETF for listing and trading on a U.S. exchange. In the past, the SEC has given the green light for investment vehicles linked to Bitcoin and Ether futures, but not for spot crypto ETFs.
Approval of a spot Bitcoin ETF could potentially increase crypto adoption and acceptance of blockchain technology. However, it is still uncertain whether the SEC will approve the Fidelity Wise Origin Bitcoin Fund or any other spot BTC ETF applications.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | James Seyffart |
| Companies | ARK Invest, BlackRock, WisdomTree, Cboe, Cboe BZX Exchange, 21Shares, Fidelity Investments, Invesco Galaxy, VanEck, Bitwise, U.S. Securities and Exchange Commission (SEC), Valkyrie, Volatility Shares Trust, NYSE Arca |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
