Fidelitys FBTC Spot Bitcoin ETF Inches Closer to SEC Approval on DTCC List
As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelitys director of global macro, believes the crypto asset could surge to over $1 billion in 2038. Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on the active and pre-launch list of the Depository Trust & Clearing Corporation (DTCC). The move places the financial services company at the forefront of the race for the first spot Bitcoin (BTC) ETF approval in the United States. First Spot Bitcoin ETF Expected to be Approved in January According to DTCC data, the listing of Fidelitys spot Bitcoin ETF under the ticker FBTC on the DTCC website indicates imminent approval by the United States Securities and Exchange Commission (SEC). The company submitted an application for the spot BTC ETF in June, joining dozens of other companies awaiting the SECs decision on the approval. Investors are eagerly awaiting the US SEC‘s decision on various ETF applications, including Fidelity’s FBTC, the Ark 21Shares Bitcoin ETF (ARKB), with the final approval expected by January 10. The approval of Fidelitys FBTC would mark a historic moment, opening new avenues for institutional and retail investors to participate

