It’s not an approval from the Securities and Exchange Commission, but the Fidelity Wise Origin Bitcoin Fund has gotten the nod to be listed on the CBOE exchange, according to a new SEC filing.

That will of course depend on whether the SEC grants Fidelity permission to offer its spot Bitcoin ETF to investors. As it stands, the SEC still has a week before it needs to approve, reject, or delay its decision.

A Bitcoin ETF, the white whale of the crypto market for the last decade, would allow traditional investors to gain exposure to Bitcoin without the need to buy and store the digital asset directly. In other words, investors could buy into Bitcoin without the hassle of learning the ins and outs of cryptocurrency exchanges and wallets.

For this reason, analysts expect a rush of Wall Street cash into crypto should an ETF ever be approved. But the SEC has been reluctant. Over the past 10 years, Bitcoin ETF applicants have been met with rejection after rejection from the SEC, mostly citing the potential for manipulation in crypto markets as its primary reason. TradFi heavyweights like Fidelity and BlackRock entering the fray, however, has changed the calculus.

After the last round of delays from the SEC, the regulator now has until January 10 to make a decision on the handful of pending Bitcoin ETF applications that it is considering. But analysts who’ve been tracking ETF activity at Bloomberg Intelligence have narrowed that down and pr

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Author: Stacy Elliott

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