Effective Form S-1 approvals are being checked off, meaning that spot Bitcoin ETFs are set to begin trading as early as Jan. 11.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) could begin trading on Jan. 11, according to Bloomberg ETF analyst James Seyffart, following the United States Securities and Exchange Commission’s (SEC) approval of 11 spot Bitcoin ETFs.
Seyffart posted on X (formerly Twitter) that several Form S-1 prospectuses are “going effective,” meaning that spot Bitcoin ETFs could begin trading soon after. “There are no more steps needed,” he said. “Everyone is gonna be ready for tomorrow.”
The approval paves the way for traditional financial giants, such as BlackRock and Fidelity, with trillions of dollars in assets under management, to launch an investment vehicle that provides institutional investors in the U.S. with regulated exposure to Bitcoin for the first time.
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Source: https://cointelegraph.com/news/spot-bitcoin-etf-trading-tomorrow-bloomberg-analyst