Spot Bitcoin ETFs “will actually start trading tomorrow” – Bloomberg analyst

Effective S-1 approvals are be checked disabled, meaning that place Bitcoin AND F are together has to start trade as early as Jan. 11.

News Join We on social networks

Place Bitcoin (BTC) exchange traded funds (AND F) are likely has to start trade on Jan. 11 according to has Bloomberg ETFs analyst James Seyffart, following THE DRY approval of 11 place Bitcoin ETF.

Seyffart job on X that several S-1 prospectus are "going effective," meaning that place Bitcoin AND F could to start trade Soon After. "There are No more not necessary," he said. "Everyone East go be ready For tomorrow."

Were seeing A bunch of these prospectus going Effective. S-1 approvals are be checked off.

✔️19b-4 Approvals ✔️ Effective Prospectus (S-1)

These things will Indeed to start trade tomorrow. There are No more not necessary pic.twitter.com/YmYyw8b0C9

— James Seyffart (@JSeyff) January ten, 2024

Seyffart said Cointelegraph on Jan. 2 — Before THE AND F were approved — that he waits A place Bitcoin ETFs has launch In "A little days" of approval. However, he update her statement After place Bitcoin AND F were approved, saying they could to start trade In A day of receive approved S-1. He update her forecast once Again as they began streaming in.

Previous cryptography related ETFs some products typically spear In two weeks of approval.

ProShares' Bitcoin Strategy ETFs (BITO) was THE First of all SEC Approved Related to Bitcoin ETFs, which was approved on October. 11, 2021, And began trade eight days later on October. 19, 2021. In the same way, Valkyrie move has add Ether (ETH) eventually has It is existing Bitcoin Strategy ETFs received THE Green light Since THE SECOND on Seven. 28 And began trade sev...