The iShares Bitcoin Trust, BlackRock’s planned spot bitcoin ETF, was seen on a Depository Trust and Clearing Corporation list with the symbol IBTC.
Nasdaq reports that the Depository Trust and Clearing Corporation, which offers post-trade clearing, settlement, custody, and information services, now includes BlackRock’s iShares Bitcoin Trust on its approved list of spot bitcoin ETFs.
The BlackRock fund’s ticker on the DTCC is IBTC, although the fund has yet to get clearance from the Securities and Exchange Commission along with other planned spot bitcoin funds.
According to Bloomberg senior ETF analyst Eric Balchunas’s post in a discussion on X, “this is the first spot ETF listed on DTCC, none of the others on there (yet). “Definitionally noteworthy BlackRock is driving the pre-launch logistics (seeding, ticker, dtcc).
The Block’s inquiries for response from DTCC and BlackRock were met with silence. Among the roughly 12 spot bitcoin ETFs now seeking SEC approval is BlackRock’s iShares Bitcoin Trust. Asset managers including BlackRock, Grayscale Investments, Fidelity, and WisdomTree have all submitted proposals.
In a decision that would add at least a month to the current evaluation process, the regulator last month postponed all outstanding applications for the funds.
The market value of the biggest cryptocurrency in the world has increased by 10.8 percent in the previous 24 hours and 25.3 percent in the past month as investors anticipate a possible acceptance. On Monday, the price of bitcoin reached $34,332, the highest level in almost a year, according to data from cryptocurrency tracker CoinGecko. At 6:58 PM ET, the price had reached $33,245.
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