BlackRock’s Bitcoin ETF Added to DTCC List

The popular iShares Bitcoin Trust, also known as the IBTC, has recently been added to the list maintained by the Depository Trust and Clearing Corporation (DTCC), an organization that provides post-trade clearance, settlement, custody, and information services, according to Nasdaq.

While waiting for approval from the Securities and Exchange Commission, the DTCC has listed the IBTC as the first spot exchange-traded fund (ETF) in its roster, making it stand out among the others.

Eric Balchunas, a respected senior ETF analyst at Bloomberg, noted the significance of BlackRock’s involvement in the logistics of launching the ETF, including determining the seeding, ticker, and DTCC listing.

He also commented on the IBTC ticker, saying it may not be the most exciting choice but it aligns with the traditional branding of BlackRock.

However, Balchunas also pointed out that it makes sense for attracting wealthy clients who use wealth managers. Neither the DTCC nor BlackRock have commented on the addition of the IBTC to the list at this time.