BlackRock’s Spot Bitcoin ETF now Listed on Nasdaq Trade Clearing System
Investment giant BlackRock’s (BLK) unveiled its iShares spot Bitcoin ETF has been already included into Depository Trust & Clearing Corporation (DTCC), signaling possible approval from the U.S. Securities and Exchange Commission. The DTCC listing is “part of the overall process” of launching a crypto ETF.
The iShares Spot Bitcoin ETF, which filed in June, trades under the ticker IBTC, may become listed on the Nasdaq exchange soon. Some Wall Street insiders speculate that BlackRock may have already received SEC approval to list the ETF, or it may be "all in place, assuming that's the case."
Based on the date of BlackRock's filing, the SEC must make a final decision to approve or disapprove the ETF by January 10, 2024. If BlackRock's application is approved, it could open the door to a number of spot crypto ETF applications currently under SEC review, including those from ARK Investment, Fidelity, and Valkyrie.
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