After the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 Bitcoin spot ETF applications from multiple institutions, BlackRock, a large asset management company, announced that its iShares Bitcoin Trust (IBIT) is expected to begin trading on the NASDAQ exchange on January 11, 2024.
According to a press release from BlackRock, IBIT aims to eliminate some obstacles and operational burdens for investors, ranging from asset managers to financial advisors, who directly invest in Bitcoin. Dominik Rohe, Head of Americas iShares ETF and Index Investing at BlackRock, stated:
ARK Invest, founded by the “Queen of Stocks” Cathie Wood, also announced on the X platform that its approved “ARK 21Shares Bitcoin ETF” (ARKB) will be listed for trading on the 11th, Eastern Time. Bitwise and WisdomTree have also indicated that they plan to list tomorrow. Vlad Tenev, CEO of the U.S. online brokerage Robinhood, expressed excitement about the SEC’s approval of Bitcoin spot ETFs, stating that they plan to list these ETFs on Robinhood as soon as possible.
Grayscale, a digital asset management company, announced that its Bitcoin Trust Fund (GBTC) is expected to begin trading as an ETF on January 11.
Interestingly, although global asset management company Franklin did not announce the news about listing Bitcoin spot ETFs at the first moment, after its ETF was approved, the company added the famous cryptocurrency meme “laser eyes” to its profile picture on the X platform.
Related Report: “SEC Approves 11 Bitcoin Spot ETFs! Expected to Bring in £4 Billion in Capital Inflows through Trading Tomorrow?”
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