Spot Bitcoin ETF Are Likely to Be Approved and Start Trading on Thursday

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Last Updated on January 9, 2024 by Bitfinsider

On CNBC’s ETF Edge on January 9, VanEck CEO Jan van Eck stated he expects spot Bitcoin ETFs to begin trading on Thursday, January 11.

Cathie Wood of Ark Invest also told ETF Edge that the new ETF application process was “unlike previous filings” since the SEC asked questions of potential issuers rather than just rejecting them. She went on to explain that the process had been “detailed” and “technical,” implying that there had been much more transparency and research than past ETF efforts.

Following a flurry of filings with the SEC on Jan. 8 and today, Jan. 9, all indications point to approval this week. Bitcoin has risen 14% from its January 3 low, trading at little under $47,000 as of press time.

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