Trillion-Dollar Boost For Bitcoin Inches Closer To Reality As BlackRock’s Spot ETF Lists On Nasdaq ⋆ ZyCrypto
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by the worlds largest asset manager, BlackRock, has been listed on the DTCC— Depository Trust & Clearing Corporation. This move suggests a forthcoming approval by the United States Securities and Exchange Commission (SEC). BlackRock Reveals Ticker And Lines Up Seed Investor BlackRocks proposed spot Bitcoin ETF has appeared on a list maintained by the Depository Trust & Clearing Corporation (DTCC) while still awaiting approval from the U.S. Securities and Exchange Commission. The fund has a ticker symbol IBTC, for a prospective listing on the Nasdaq exchange. “This is [the] first spot ETF listed on DTCC, none of the others on there (yet),” Bloomberg senior ETF analyst Eric Balchunas posited. “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.” Ayon sa Balchunas, BlackRock may have already received the SEC‘s blessing for listing the spot ETF or was “prepping everything assuming so”. The SEC has until Jan. 10, 2024, to reach a final decision on greenlighting or rejection of BlackRock’s ETF proposal. Finance lawyer Scott Johnsson tulis out that BlackRock secured a “CUSIP” license