Following the announcement by the U.S. Securities and Exchange Commission (SEC) approving 11 Bitcoin spot ETF applications from multiple institutions, the large asset management company BlackRock announced that its spot ETF (iShares Bitcoin Trust, code IBIT) is expected to start trading on the NASDAQ Stock Exchange on January 11, 2024.
According to the press release issued by BlackRock, IBIT aims to eliminate some barriers 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 “female stock god” 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 also expressed their intentions to list tomorrow, while Vlad Tenev, CEO of the U.S. online brokerage Robinhood, expressed excitement over the SEC’s approval of Bitcoin spot ETFs, and they plan to list these ETFs on Robinhood as soon as possible.
Digital asset management company Grayscale stated that they expect their Bitcoin Trust Fund (GBTC) to begin trading as an ETF on January 11. Interestingly, although global asset management company Franklin did not immediately announce news about the listing of Bitcoin spot ETFs, after their ETF was approved, the company added the famous meme “laser eyes” from the cryptocurrency community to its portrait trademark on the X platform.
Related report: “SEC approves 11 Bitcoin spot ETFs! Expected to bring in 4 billion yuan in funds with trading listing tomorrow?”