9 months ago
Speaking connected CNBC’s ETF Edge connected Jan. 9, VanEck’s CEO, Jan van Eck, said he expects the spot Bitcoin ETFs to commencement trading connected Thursday, Jan. 11.
Additionally, Steven McClurg, the Chief Investment Officer for Valkyrie, 1 of the different applicants successful the race, told Fortune this week that helium besides believes Thursday volition beryllium the motorboat day. He said
“We’re conscionable successful a flimsy holding pattern. I’m successful the campy wherever I judge that sometime aft the marketplace closes connected Wednesday, the ETFs volition spell effective, meaning they commercialized connected Thursday.”
Cathie Wood from Ark Invest besides told ETF Edge that the caller ETF exertion process was “unlike erstwhile filings” arsenic the SEC had asked questions of the would-be issuers alternatively of simply rejecting applications. She went connected to accidental the process had been precise “detailed” and “technical,” indicating that determination had been overmuch much disclosure and exploration than erstwhile ETF attempts.
Lastly, Wood stated that,
“This told america they were getting ready. Now, tin we beryllium 100% definite determination volition beryllium support this week? No, you ne'er accidental 100%, but we’re feeling truly bully astir it.”
Following a spat of filings to the SEC connected Jan. 8 and today, Jan. 9, each signs present look to constituent toward support this week. Bitcoin is up 14% since its Jan. 3 low, trading astatine conscionable beneath $47,000 arsenic of property time.
The station Spot Bitcoin ETFs support expected, to commencement trading this week: VanEck, Valkyrie execs appeared archetypal connected CryptoSlate.
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