Long-awaited bitcoin spot trading funds (ETFs) are already a “done deal,” FOX Business chief correspondent Charles Gasparino reports, and are set to begin trading on Thursday.
This confirmation from FOX Business reinforces previous speculation, confirming that the final green light has been given to Spot Bitcoin ETFs, signaling an imminent jump into the regulated Bitcoin investment space.
The potential start of trading on Thursday would mark a watershed moment for the Bitcoin industry, providing a gateway for both institutional and retail investors to access exposure to Bitcoin through traditional financial instruments.
It is important to note that the SEC has not yet officially approved any spot Bitcoin mutual funds at the time of writing. But with an approval or disapproval decision scheduled for tomorrow, industry experts expect the ETFs to be approved.
As the countdown begins towards tomorrow's expected approval and potential launch on Thursday, anticipation is building among market participants, who are eager to witness this historic event that is poised to reshape the dynamics of Bitcoin investments and perhaps pave the way for further institutional adoption of Bitcoin.
