In a published notice, Cboe created a surprise by announcing the launch of the first spot Bitcoin ETF in the United States. This innovative financial product, which paves the way for direct institutional investments in Bitcoin. He will begin trading on January 11 on Cboe according to the official notification.
Surprise green light for the first spot Bitcoin ETF in the United States
The Cboe stock exchange created a surprise by announcing in a notification the upcoming launch of the very first spot Bitcoin ETF in the United States. This is a real revolution! This type of index fund gives investors direct access to the evolution of the price of Bitcoin.
Until now, the SEC had only authorized ETFs on Bitcoin futures contracts, and systematically blocked spot products. Cboe therefore took everyone by surprise by formalizing the January 11 launch of the 21Shares ARKB ETF.
An expected bullish impact on the crypto market
The arrival of the first spot Bitcoin ETF is seen as a potential bullish catalyst for the entire crypto market. By providing the possibility of simply investing in Bitcoin through traditional products, spot ETFs could initiate a massive influx of institutional capital into this ecosystem.
The recent rise in the prices of bitcoin and ethereum has also been partly attributed to anticipations surrounding this launch. Some even argue that the approval of spot ETFs could spark a new bull rally. Which will bring the total capitalization of the crypto market back to its all-time highs.
The challenges ahead for spot Bitcoin ETFs
The surprise green light from the SEC to spot Bitcoin ETFs via Cboe is a win for crypto. However, challenges remain. In particular, their real impact on prices, which will ultimately depend on their adoption by investors. And it remains to be confirmed whether other suppliers will get the same green light.
Above all, the SEC has not yet ruled on the question of spot index funds on other cryptocurrencies such as Ethereum. Its cautious approach should lead to lasting dominance of Bitcoin ETFs, limiting the effects of this revolutionary launch.
Cboe’s announcement of the launch of the first spot Bitcoin ETF on January 11 is a resounding surprise, which could significantly boost the crypto market. But the revolution promised by these new innovative financial vehicles and their ability to attract institutional investors remains to be concretely proven. To be continued!
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