The post CBOE Approves First Bitcoin ETF! appeared first on Coinpedia Fintech News
The Chicago Board Options Exchange (CBOE) has given the green light for the listing of the Invesco Galaxy Bitcoin ETF (BTCO), making it the first-ever Bitcoin ETF to be approved by a major U.S. Exchange. The ETF, which is sponsored by Invesco, will provide investors with exposure to Bitcoin through a traditional investment vehicle, tracking the performance of the Bloomberg Galaxy Bitcoin Index. The approval follows a review by the Securities and Exchange Commission (SEC) and CBOE’s listing standards. The ETF is expected to begin trading on January 10, 2024, on CBOE BZX Exchange, Inc.
