BlackRock’s much-awaited spot Bitcoin ETF, namely the iShares Bitcoin Trust, has surfaced on the Depository Trust and Clearing Corporation’s (DTCC) list, while still pending approval from the Securities and Exchange Commission (SEC).
The DTCC, a company that provides post-trade clearance, settlement, custody and information services according to Nasdaq, now features the BlackRock fund’s ticker as IBTC.
Eric Balchunas, a senior ETF analyst at Bloomberg, noted, “This is first spot ETF listed on DTCC, none of the others on there (yet),” adding that it’s noteworthy that BlackRock is spearheading these pre-launch logistics. Balchunas interprets this as a sign that approval from the SEC might be imminent.
BlackRock’s iShares Bitcoin Trust is among roughly 12 spot Bitcoin ETFs currently awaiting SEC approval. Other applicants include asset managers like Grayscale Investments, Fidelity, and WisdomTree.
The SEC delayed all pending applications for these funds last month, extending the review process by at least another month. Nonetheless, Bitcoin’s price has soared, fueled by anticipation of an impending approval.
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