{"id":179750,"date":"2023-10-24T03:59:41","date_gmt":"2023-10-23T22:29:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179750"},"modified":"2023-10-24T03:59:41","modified_gmt":"2023-10-23T22:29:41","slug":"blackrocks-spot-bitcoin-etf-now-listed-on-nasdaq-trade-clearing-firm-bloomberg-analyst-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrocks-spot-bitcoin-etf-now-listed-on-nasdaq-trade-clearing-firm-bloomberg-analyst-crypto-news\/","title":{"rendered":"BlackRock\u2019s spot Bitcoin ETF now listed on Nasdaq trade clearing firm \u2014 Bloomberg analyst – Crypto News"},"content":{"rendered":"
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The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission.<\/p>\n

In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said<\/a> the DTCC listing was \u201call part of the process\u201d of bringing a crypto ETF to market. The iShares spot Bitcoin (BTC<\/a>) ETF has a ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and trade shares<\/a> of the investment vehicle in June.<\/p>\n

\u201cThis is [the] first spot ETF listed on DTCC, none of the others on there (yet),\u201d said Balchunas. \u201cDef 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.\u201d<\/p>\n

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The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC<\/a>. Again all part of the process of bringing ETF to market.. h\/t @martypartymusic<\/a> pic.twitter.com\/8PQP3h2yW0<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) October 23, 2023<\/a><\/p><\/blockquote>\n

Balchunas speculated<\/a> that BlackRock may have already received the green light for listing the ETF from the SEC or was \u201cprepping everything assuming so.\u201d Based on the date of BlackRock\u2019s application, the SEC has until Jan. 10, 2024, to reach a final decision on approval or denial of the ETF.<\/p>\n

Related: <\/em><\/strong>Bitcoin ETF to trigger massive demand from institutions, EY says<\/em><\/strong><\/a><\/p>\n

Should BlackRock\u2019s application be approved, it could lead to the floodgates opening for a number of spot crypto ETF filings currently being reviewed by the SEC, including ones from ARK Investment, Fidelity and Valkyrie. To date, the SEC has not approved a spot Bitcoin or Ether (ETH<\/a>) application for listing on a U.S. exchange but started allowing investment vehicles tied to Bitcoin futures in October 2021. <\/p>\n

The BTCC listing followed a U.S. appellate court issuing a mandate<\/a> enforcing an Aug. 29 decision that would require the SEC to review a spot BTC ETF application from Grayscale Investments. Grayscale submitted a registration statement to the SEC to list shares of its Bitcoin trust on the New York Stock Exchange Arca under the ticker symbol GBTC on Oct. 19.<\/p>\n

Magazine: <\/em><\/strong>Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was \u201call part of […]<\/p>\n","protected":false},"author":2,"featured_media":179751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-179750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179750"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179750\/revisions"}],"predecessor-version":[{"id":179753,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179750\/revisions\/179753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179751"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}