Spot Bitcoin ETFs Will Boost Institutional Investment: CBOE Predicts
CBOE predicts spot Bitcoin ETF approval to attract major institutional investors, with key SEC decision due Jan. 10.
The Chicago Board Options Exchange (CBOE) predicts that approving spot Bitcoin exchange-traded funds (ETFs) will cause a surge in institutional investors.
CBOE Digital president, John Palmer stated that ETF approval could attract pension and RIA-based funds into Bitcoin, he made this statement in a Bloomberg TV interview.
The SEC has a deadline of Jan. 10 to decide on the ARK Invest 21 Shares Bitcoin ETF application. Palmer expects an increase in Bitcoin derivatives following a potential approval.
While institutions may lead in using derivatives for hedging, retail investors might also show interest.
CBOE Digital plans to launch Bitcoin and Ether derivatives trading on Jan. 11, allowing trading without full collateral.
Some mutual funds, like Advisors Preferred Trust, are preparing to invest in Bitcoin ETFs and related products.
