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).
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).
According to Martin Bednall, former managing director at BlackRock and current CEO of Jacobi Asset Management, the Securities and Exchange Commission will likely approve all spot bitcoin exchange-traded fund applications at the same time.
The SEC has delayed its decision on spot Bitcoin ETF applications from BlackRock, Invesco, Bitwise, and Valkyrie.
The SEC has pushed back its ruling on multiple Bitcoin spot ETF proposals from ARK Invest and 21Shares to January 10, 2024.
Jay Clayton, the former chairman of the US Securities and Exchange Commission (SEC), has predicted that a spot Bitcoin exchange-traded fund (ETF) will eventually be approved in the United States.
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
Coinbase’s stock jumped 13.9% yesterday, the trigger for this surge was Grayscale Investments successfully pushing for Coinbase’s Bitcoin trust to become an ETF.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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