BlackRock’s Spot Bitcoin ETF Ticker ‘IBTC’ Now Listed on NASDAQ Clearing Agency
The proposed iShares spot Bitcoin exchange-traded fund (ETF) by BlackRock has been listed on the Depository Belief & Clearing Company (DTCC).
The proposed iShares spot Bitcoin exchange-traded fund (ETF) by BlackRock has been listed on the Depository Belief & Clearing Company (DTCC), indicating potential approval by the US Securities and Alternate Fee (SEC). In keeping with Bloomberg ETF knowledgeable Eric Balchunas, the DTCC itemizing is a crucial step within the strategy of bringing a crypto ETF to market.
The iShares ETF, with the ticker code IBTC, is being thought of for a Nasdaq itemizing. Balchunas speculates that BlackRock could have secured approval from the SEC or is ready to take action. If permitted, this would possibly open the door for different spot crypto ETF submissions which can be presently being reviewed by the SEC. The SEC has till January 10, 2024, to rule on BlackRock’s software.
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