After the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 Bitcoin spot ETF applications from various institutions, BlackRock, a large asset management company, announced that its spot ETF, iShares Bitcoin Trust (IBIT), is expected to start trading on the NASDAQ exchange on January 11, 2024.
According to a press release from BlackRock, IBIT aims to eliminate some barriers and operational burdens for investors, such as asset managers and financial advisors, who want to invest directly in Bitcoin. Dominik Rohe, Head of iShares ETF and Index Investing Americas at BlackRock, stated:
ARK Invest, founded by the “Queen of Stocks” Cathie Wood, also announced on the X platform that its approved “ARK 21Shares Bitcoin ETF” (ARKB) will begin trading on January 11 in Eastern Time. Bitwise and WisdomTree have also expressed their plans to list tomorrow. Vlad Tenev, CEO of the U.S. online brokerage Robinhood, expressed excitement about the SEC’s approval of Bitcoin spot ETFs, stating that they plan to list these ETFs on Robinhood as soon as possible.
Grayscale, a digital asset management company, stated that its Bitcoin Trust Fund (GBTC) is expected to start trading as an ETF on January 11.
Interestingly, global asset management company Franklin did not initially announce any news about listing Bitcoin spot ETFs. However, after their ETF was approved, the company added the famous cryptocurrency meme “laser eyes” to its portrait logo on the X platform.
Related report: “SEC Approves 11 Bitcoin Spot ETFs! Is there a potential inflow of £4 billion in trading tomorrow?”
