In a recent analysis of Chicago Board Options Exchange's (CBOE) approval for Ark Investments/21Shares, Invesco/Galaxy, VanEck, Fidelity, and WisdomTree to list spot Bitcoin ETFs on its platform, Bloomberg Senior ETF Analyst James Seyffart highlighted an important nuance. Contrary to widespread interpretation, Seyffart clarified that the move does not represent a formal approval.
Instead, he explained that the action was part of an expedited request process. This suggests that while the CBOE's nod for these entities to list spot Bitcoin ETFs marks progress, it falls short of the official sanction that many in the cryptocurrency community may have inferred.