The hot topic in finance in the first week of the year is the potential approval of a Bitcoin ETF.
With a January 10 deadline looming where the SEC must decide whether or not to approve the spot Bitcoin ETF, the big players are lining up their offerings.
There are 12 issuers vying for a Bitcoin ETF approval including some of the biggest names in traditional finance: BlackRock, Fidelity, and Franklin Templeton.
We heard news yesterday that the CBOE has granted Fidelity a ticker symbol (FBTC) and approved the listing pending the SEC decision. The price of bitcoin has been quite volatile ahead of this groundbreaking decision.
Of course, the SEC may reject it once again and say it needs more time. But the crypto world is optimistic that the time is now. It will be a historic moment for the industry although we shouldn’t forget that Canada approved their first spot Bitcoin ETF, the world’s first, in February 2021 and has become a leading global player.
Stay tuned, we will have more when the SEC makes their decision.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.