---
title: "CBOE Digital: Bitcoin Spot ETF Will Attract New Institutional Investors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/105306217.md"
description: "CBOE Digital President John Palmer said in an interview, \"The approval of a Bitcoin spot ETF will pave the way for retirement funds and RIA-based funds to invest in spot Bitcoin ETF assets, which they may not be able to access through local spot Bitcoin tokens today.\" Earlier this week, Bitcoin surpassed $45,000 for the first time in nearly two years as the deadline for the U.S. Securities and Exchange Commission to decide whether to approve a Bitcoin spot ETF approaches on January 10th. As the deadline approaches, several applicants, including BlackRock and Fidelity, submitted revised application documents last week. Palmer also expects that with the possible arrival of spot ETFs, Bitcoin derivative products will expand. He stated that institutional investors will increasingly rely on these derivatives to hedge risks. CBOE Digital was created after the Chicago Board Options Exchange (CBOE) acquired ErisX in 2022, providing spot and futures cryptocurrency trading for selected cryptocurrencies. The company plans to launch margin Bitcoin and Ethereum futures on January 11th, allowing customers to trade futures without having to submit full collateral in advance."
datetime: "2024-01-03T01:31:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/105306217.md)
  - [en](https://longbridge.com/en/news/105306217.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/105306217.md)
---

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# CBOE Digital: Bitcoin Spot ETF Will Attract New Institutional Investors

Zhitong App learned that John Palmer, the CEO of CBOE Digital, said in an interview, "The approval of a Bitcoin spot ETF will pave the way for retirement funds and RIA-based funds to invest in Bitcoin spot ETF assets, which they may not be able to access through local Bitcoin spot tokens today."

Earlier on Tuesday, Bitcoin surpassed $45,000 for the first time in nearly two years as the deadline for the U.S. Securities and Exchange Commission to decide whether to approve a Bitcoin spot ETF approaches on January 10th. As the deadline approaches, several applicants, including BlackRock and Fidelity, submitted modified applications last week.

Palmer also expects that with the potential arrival of spot ETFs, Bitcoin derivative products will expand. He stated that institutional investors will increasingly rely on these derivatives to hedge risks.

CBOE Digital was created after the Chicago Board Options Exchange (CBOE) acquired ErisX in 2022, providing spot and futures cryptocurrency trading for selected cryptocurrencies. The company plans to launch margin Bitcoin and Ethereum futures on January 11th, allowing customers to trade futures without having to submit full collateral in advance.

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