Spot Bitcoin ETF : Trading Interfaces Display ETF Tickers Ahead of SEC Verdict
Bitcoin ETF tickers have started showing up on major trading interfaces like Bloomberg, Fidelity, and TD Ameritrade just before the final decision around the ETF approval kicks in.
Fidelity, Bloomberg and TD Ameritrade display new spot Bitcoin ETF tickers
Massachusetts-based multinational financial services corporation Fidelity and US brokerage firm TD Ameritrade on Wednesday started displaying several of the new spot Bitcoin ETF tickers in their trade interfaces. The move affirmative move sent positive waves across the market ahead of the most anticipated SEC decision on Bitcoin ETF approval.
Crypto investor Mike Alfred believes that these indications further strengthen the idea that the SEC will give a green signal to Bitcoin ETFs today. In a post on platform X, Alfred wrote ” This (the ticker display) only makes sense in an approval scenario where they need to be prepared to allow retail order input tomorrow.”
Bloomberg analyst James Seyffart also took to platform X to sing a similar tone and showcase the ticker display to a wider set of crypto audience.
Here's $BITB, $ARKB, $EZBC, & $HODL pic.twitter.com/xUVIAa78u6
— James Seyffart (@JSeyff) January 10, 2024
Market picks positive queues ahead of Bitcoin ETF decision
The most anticipated decision of the ETF approval is right around the edge and the market has been getting small sweetners ahead of the approval.
Just earlier in the day, The Chicago Board Options Exchange (CBOE) has permitted trading of four possible spot Bitcoin ETFs on its platform.
Through its affiliated platform BZX Exchange, CBOE has unexpectedly filed a notification alerting the public to the approval of proposed fund offerings from VanEck Bitcoin Trust (HODL), Ark 21Shares (ARKB), Invesco Galaxy Bitcoin ETF (BTCO), and Fidelity Wise Origin Bitcoin Fund (FBTC).
Bitcoin ETF approval to mark a crucial role for Cryptocurrency industry
With the approval of the ETFs, the legal environment around digital currencies with see a topsy-turvy change. The approval is potentially going to lead towards more mainstream investors being able to invest in Bitcoin.
The clearance may also drastically alter how investors interact with Bitcoin. Moreover, these exchange-traded funds (ETFs) can draw a wider spectrum of investors, including those who are reluctant to directly participate in cryptocurrencies because of worries about volatility and security.
With Bitcoin (BTC) trading at $45,834.7, down 2.1% over the last day, the cryptocurrency market is tense right now.
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