{"id":450856,"date":"2023-10-24T13:24:12","date_gmt":"2023-10-24T13:24:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450856"},"modified":"2023-10-24T16:26:12","modified_gmt":"2023-10-24T16:26:12","slug":"blackrocks-spot-bitcoin-etf-appears-on-dtcc-bitcoin-soars","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/blackrocks-spot-bitcoin-etf-appears-on-dtcc-bitcoin-soars","title":{"rendered":"BlackRock’s Spot Bitcoin ETF Appears On Nasdaq Clearance Site, Bitcoin Soars"},"content":{"rendered":"

BlackRock’s spot Bitcoin exchange-traded fund (ETF)<\/span> <\/span>was listed<\/a> on the Depository Trust & Clearing Corporation (DTCC), moving it a step closer to regulatory approval and sending Bitcoin into orbit. <\/span><\/p>\n

“Hard not to view this as them getting the signal that approval is certain\/imminent,” tweeted Bloomberg Intelligence analysts Eric Balchunas. “Def notable BlackRock is leading charge on these logistics (seeding, ticker, DTCC) that tend to happen just prior to launch.”<\/span><\/p>\n

BlackRock’s iShares Bitcoin Trust is the first ETF to feature on DTCC, which Balchunas said is a strong indicator of BlackRock’s confidence in the ETF’s imminent approval. <\/span><\/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

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