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). This development is seen as a significant step towards bringing a crypto ETF to the market. The ETF, with a ticker symbol of IBTC, is being considered for listing on the Nasdaq stock exchange. Bloomberg ETF analyst Eric Balchunas believes that BlackRock’s involvement in the logistics of the ETF, such as seeding, ticker, and DTCC listing, suggests that approval is likely imminent. While the SEC has until January 10, 2024, to make a final decision on the ETF, if approved, it could pave the way for other spot crypto ETF filings currently under review by the SEC. These include applications from ARK Investment, Fidelity, and Valkyrie. It is worth noting that the SEC has never approved a spot BTC or Ether application for listing on a U.S. exchange, but it did start allowing investment vehicles tied to Bitcoin futures in October 2021. The recent listing of the BTCC ETF follows a court mandate requiring the SEC to review a spot BTC ETF application from Grayscale Investments. Grayscale has submitted a registration statement to list shares of its Bitcoin Trust on the New York Stock Exchange Arca under the ticker symbol GBTC.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	Eric Balchunas
Companies	Fidelity, Depository Trust & Clearing Corporation (DTCC), Valkyrie, United States Securities and Exchange Commission (SEC), New York Stock Exchange Arca, Grayscale Investments, Nasdaq, ARK Investment, BlackRock
Currencies	Ethereum, Bitcoin
Securities	None