The Crypto Roundup: 24 October 2023 | CryptoCompare.com

BlackRock’s proposed iShares spot Bitcoin exchange-traded fund (ETF) has been listed on the Depository Trust & Clearing Corporation (DTCC), which provides post-trading clearing, settlement, custody, and information services. The move hints the fund could be approved by the U.S. Securities and Exchange Commission (SEC).

On social media, Bloomberg ETF analyst Eric Balchunas noted that the DTCC listing is a part of the process of launching an ETF. The iShares spot Bitcoin ETF would trade under the IBTC ticker if it’s listed on the Nasdaq exchange, where it applied to list and trade in June.

Balchunas said that IBTC is the first spot Bitcoin ETF listed on the DTCC, adding it’s “notable BlackRock is leading charge on these logistics (seeding, ticker, dtcc) that tend to happen just prior to launch.” Per his words, it’s hard “not to view this as them getting signal that approval is certain/imminent.”

Balchunas speculated that the SEC may have already given the go-ahead for BlackRock’s spot ETF, or that the firm is operating assuming it would get the go-ahead. The regulator’s deadline to approve or deny the ETF is January 10.

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• Source: https://www.cryptocompare.com/email-updates/daily/2023/oct/24/