Bitcoin exchange-traded funds (ETFs) will likely begin live trading as early as Thursday or Friday, with approval coming on Wednesday, sources close to the matter told CNBC.
This news comes amid intense anticipation for the launch of Spot Bitcoin ETFs, a significant milestone that is expected to provide mainstream investors with a regulated way to gain direct exposure to Bitcoin.
“Two sources close to the process now tell me it looks like Wednesday, which is also the deadline for Cathy Wood's ARK and 21Shares bid,” CNBC anchor Kate Rooney said. “Then I was told the trading would happen Thursday or Friday, but it was a moving target here on the dates.”
The imminent prospect of direct trading of these ETFs signals a major leap forward in integrating Bitcoin into traditional financial markets. The CNBC report adds to the growing speculation surrounding the imminent introduction of these ETFs, which have been eagerly awaited by both institutional and retail investors.
If live trading begins as expected, it will mark a historic moment for the Bitcoin industry, reflecting a seismic shift in the perception and adoption of Bitcoin among traditional investors.
While the specific details and exact launch time remain speculative, the potential implementation of live trading for Spot Bitcoin ETFs signifies the culmination of stringent regulatory assessments and market readiness, bringing Bitcoin a step closer to broader acceptance and legitimacy within the financial landscape.
