Bloomberg Terminal has listed all eleven spot Bitcoin exchange-traded funds (ETF) following their appearance on brokerage platforms, which strongly suggests imminent SEC approval.

Bloomberg ETF analyst Eric Balchunas broke the news of the listing and believes the regulator will officially announce the approval within a few hours, between 4 pm to 6 pm Eastern time.

These ETFs are expected to lead to a watershed moment for Bitcoin (BTC) as they will legitimize and regulate institutional investing in the flagship cryptocurrency.

Coincidentally, 15 years ago, on Jan. 11, 2009, Hal Finney famously tweeted, “Running Bitcoin,” two days before he became the first person in the world to receive a Bitcoin transaction for 10 BTC from Satoshi Nakamoto in block 170.

ETF ticker populating on brokerages

Spot Bitcoin ETFs, including ARKB, HODL, FBTC, BTCO, and BTCW, began popping up on Fidelity’s brokerage platform, Morgan Stanley’s E-trade platform, and Webull Global around noon on Jan. 10, with the option to create limit orders.

Most of the ETFs are now visible on Fidelity’s brokerage platform, leading to intense speculation in the industry about the approvals.

Balchunas’s prediction adds weight to the already significant steps taken by Cboe BZX Exchange in approving listings for ETFs from key asset managers like ARK Invest, Invesco Galaxy, Fidelity Investments, VanEck, WisdomTree, and Franklin Templeton.

Analyst James Seyffart has emphasized that

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Author: Assad Jafri

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