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Bloomberg Analyst Reports BlackRock's Bitcoin ETF Listed on Nasdaq Trade Clearing Firm

Bloomberg Analyst Reports BlackRock’s Bitcoin ETF Listed on Nasdaq Trade Clearing Firm

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), indicating potential approval by the United States Securities and Exchange Commission (SEC). Eric Balchunas, an ETF analyst, stated that this listing is part of the process of bringing a crypto ETF to market and sees it as a positive sign for SEC approval. The iShares spot Bitcoin ETF has a ticker symbol of IBTC and is being considered for listing on the Nasdaq stock exchange. Balchunas believes that BlackRock may have already received approval from the SEC or is preparing for it. The SEC has until January 10, 2024, to make a final decision on the ETF’s approval. If approved, it could pave the way for other spot crypto ETF filings currently under review by the SEC.

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