BlackRock’s proposal for a spot Bitcoin exchange-traded fund (ETF) has taken a significant step forward as it is now listed on the Depository Trust & Clearing Corporation (DTCC). This listing signifies a potential green light from the United States Securities and Exchange Commission (SEC) for the eagerly awaited ETF.
DTCC listing represents a crucial phase in the process of introducing a cryptocurrency-based ETF to the market. BlackRock’s iShares spot Bitcoin ETF, bearing the ticker symbol IBTC, is now positioned for potential listing on the Nasdaq stock exchange. The exchange initially filed an application for listing and trading the shares of this investment vehicle back in June.
BlackRock’s foray into the cryptocurrency sector has garnered attention, as it marks another significant milestone in the ever-evolving crypto investment landscape. The listing on DTCC is seen as a strong indicator of potential approval by the SEC, which would open doors for the iShares spot Bitcoin ETF to join the market.
Investors and cryptocurrency enthusiasts alike are eagerly awaiting further developments, as this move by BlackRock and the Nasdaq could potentially make cryptocurrencies more accessible to traditional investors.
