It’s been just revealed the fact that BlackRock’s spot BTC ETF has been listed on NASDAQ’s trade clearing firm. Check out the latest reports that have driven the price of BTC to explode.
BTC price explodes
At the moment of writing this article, BTC is trading in the green, and the king coin is priced above $34k.
“JUST IN: BlackRock’s iShares #Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation),” Watcher.Guru notes.
The investment firm BlackRock has proposed an iShares spot Bitcoin exchange-traded fund (ETF) that has been listed on the Depository Trust & Clearing Corporation (DTCC). This suggests that the United States Securities and Exchange Commission may approve it soon.
Bloomberg ETF analyst Eric Balchunas mentioned in an Oct. 23 X (formerly Twitter) thread that the DTCC listing is a step towards bringing a crypto ETF to market.
The ETF has a ticker symbol of IBTC and may be listed on the Nasdaq stock exchange, which applied to trade and list shares of the investment vehicle in June.
“This is [the] first spot ETF listed on DTCC, none of the others on there (yet),” said Balchunas.
“Def notable BlackRock is leading charge on these logistics (seeding, ticker, dtcc) that tend to happen just prior to launch. Hard not to view this as them getting signal that approval is certain/imminent.”
The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Again all part of the process of bringing ETF to market.. h/t @martypartymusic pic.twitter.com/8PQP3h2yW0
— Eric Balchunas (@EricBalchunas) October 23, 2023
CoinTelegraph noted the fact that Balchunas speculated that BlackRock may have already received the green light for listing the ETF from the SEC or was “prepping everything assuming so.”
The same online publication noted the fact that based on the date of BlackRock’s application, the SEC has until Jan. 10, 2024, to reach a final decision on approval or denial of the ETF.
