'Very Late Step' In The Game: Cboe Exchange Greenlights ARK 21Shares Bitcoin ETF (UPDATED)
Portfolio Pulse from Murtuza Merchant
The Cboe BZX Exchange has approved the listing of the ARK 21Shares Bitcoin ETF (ARKB), pending the SEC's decision on a spot Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas called this a 'very late step' in the process, suggesting the ETF could list as soon as the day after approval. If the SEC approves on Jan. 10, ARKB could trade from Jan. 11, marking a significant step for cryptocurrency in mainstream markets.
January 10, 2024 | 5:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ARK 21Shares Bitcoin ETF (ARKB) has been approved for listing by the Cboe BZX Exchange, with potential trading to commence shortly after SEC approval of a spot Bitcoin ETF.
The approval by Cboe BZX Exchange is a significant step towards the listing of ARKB, indicating a high likelihood of positive market reception if the SEC approves the spot Bitcoin ETF. This anticipation could lead to increased investor interest and a potential rise in price upon listing.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100