The Fidelity Wise Origin Bitcoin Trust has received approval to be listed on the CBOE exchange, according to a recent SEC filing. However, the Securities and Exchange Commission's decision on allowing Fidelity to offer its spot Bitcoin ETF to investors is still pending. The SEC has until January 10 to approve, reject, or delay its decision.

A Bitcoin ETF, a long-awaited product in the crypto market, would provide traditional investors with a convenient way to gain exposure to Bitcoin without the complexities of purchasing and storing the digital asset directly. Analysts predict a potential influx of Wall Street investment into the crypto space if an ETF is approved. Historically, the SEC has been hesitant to approve such products, citing concerns about market manipulation. The entry of established financial market players like Fidelity and BlackRock, however, has changed the landscape.

Analysts tracking ETF activity at Bloomberg Intelligence expect the SEC to make an announcement regarding pending Bitcoin ETF applications between January 8 and January 10. The recent news of the Fidelity Bitcoin ETF securing listing on the CBOE is seen as a positive development, particularly on a day when rumors of ETF rejections caused the market to decline. At the time of writing, Bitcoin was trading at $42,595.05, representing a 5.7% decrease from the previous day.

The listing details for Fidelity's Bitcoin ETF appeared on the asset manager's Form 8-A12B, which is the Registration for Listing of a Security on a National Exchange form. It was filed with the U.S. Securities and Exchange Commission on Wednesday. However, it is important to note that having a ticker listed on the Depository Trust and Clearing Company's (DTCC) registry does not signify SEC approval. Traders observed this when the removal of BlackRock's iShares Bitcoin Trust ticker from the DTCC list caused market uncertainty in October. The DTCC clarified that the inclusion of a ticker does not indicate the outcome of any regulatory approval process.

With the cryptocurrency industry eagerly waiting for the SEC's decision, the Fidelity Bitcoin ETF listing on the CBOE provides a glimmer of optimism. Market participants will be closely watching for the SEC's announcement in the coming days, as it could have significant implications for the future of Bitcoin investment opportunities.