Spot Bitcoin ETFs Could Trade Live on Thursday or Friday: CNBC
Spot Bitcoin Exchange-Traded Funds (ETFs) could potentially commence live trading as early as Thursday or Friday, with approval happening this Wednesday, sources close to the matter told CNBC. This news comes amid intens...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Spot Bitcoin Exchange-Traded Funds (ETFs) could potentially commence live trading as early as Thursday or Friday, with approval happening this Wednesday, sources close to the matter told CNBC.
This news comes amid intense anticipation for the launch of Spot Bitcoin ETFs, a significant milestone anticipated to provide mainstream investors with a regulated avenue to gain direct exposure to Bitcoin.
"Two sources close to the process now telling me it's looking like Wednesday, which is also the deadline for Cathie Wood's ARK and 21Shares bid," said CNBC anchor Kate Rooney. "Then I'm told trading would happen Thursday or Friday, but it has been a moving target here on dates."
The imminent possibility of live trading for these ETFs signals a significant leap forward in the integration of Bitcoin into traditional financial markets. CNBC's report adds to the growing speculation surrounding the imminent introduction of these ETFs, which have been eagerly awaited by both institutional and retail investors.
Should the live trading commence as projected, it would mark a historic moment for the Bitcoin industry, reflecting a seismic shift in the perception and adoption of BTC among traditional investors.
While the specific details and exact launch time remain speculative, the potential realization of Spot Bitcoin ETFs trading live signifies a culmination of rigorous regulatory evaluations and market readiness, bringing Bitcoin one step closer to wider acceptance and legitimacy within the financial landscape.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Galaxy’s Alex Thorn Says Bitcoin Held Near $80,000 Because Hedge Funds Had Already Sold
Bitcoin has stayed close to $80,000 through a month of worry over the AI trade because the investors most likely to sell on that w...
SEC Charges Two Companies in $130 Million Crypto Trading Scheme
Bitcoin Magazine SEC Charges Two Companies in $130 Million Crypto Trading Scheme The Securities and Exchange Commission charged tw...
Bitcoin ETFs Add $423M in 3 Days as Blackrock Leads
Bitcoin ETFs attracted $137.33 million on Wednesday, extending their inflow streak to three sessions and lifting week-to-date addi...
LIVE: Binance suspends withdrawals amid massive crypto hack
Billions of dollars worth of digital assets left wallets controlled by the world’s largest crypto exchange, Binance, on Thursday a...
Bitcoin ETFs Add $441M in 4 Days as Zcash Streak Hits Day 8
Bitcoin ETFs stayed positive for a fourth straight session Thursday, adding $17.07 million and lifting week-to-date inflows above...
Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken
TL;DR: Bitcoin slipped below $80,000 in early October 29 trading as markets digested the Federal Reserve’s decision to leave rates...