Cboe Files Application for Bitcoin ETF Approval: What It Means for Future Trades

On January 28th, COINOTAG reported that Cboe Global Markets has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC). The application aims to secure authorization for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF, focusing on facilitating in-kind creations and redemptions. This development marks a pivotal step towards enhancing institutional investment in cryptocurrencies. Notably, the anticipated approval of these spot ETFs would permit transactions through cash settlements exclusively, impacting the liquidity dynamics of the Bitcoin and Ethereum markets. Investors should remain vigilant as this transition could significantly influence market behavior and investor strategies in cryptocurrency.ETFs, particularly for those seeking exposure to digital assets, represent a crucial vehicle for diversifying portfolios amidst increasing regulatory scrutiny.