Effective S-1 approvals are being checked off, meaning that spot Bitcoin ETFs are set to begin trading as early as Jan. 11.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) are likely to begin trading on Jan. 11 according to Bloomberg ETF analyst James Seyffart, following the SEC’s approval of 11 spot Bitcoin ETFs.
Seyffart posted on X that several S-1 prospectuses are "going effective," meaning that spot Bitcoin ETFs could begin trading soon after. "There are no more steps needed," he said. "Everyone is gonna be ready for tomorrow."
The approval paves the way for traditional financial giants, including multi-trillion-dollar firms such as BlackRock and Fidelity, to launch an investment vehicle that provides institutional investors in the United States with regulated exposure to Bitcoin for the first time in the nation’s history.
