Bitcoin ETF

Bitcoin

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Gary

<div class="cryptonews">
 <p class="is-style-lead">BlackRock’s iShares Bitcoin Trust has been listed on the Depository Trust and Clearing Corporation (DTCC) amid staunch demand for an ETF within the crypto industry and broader financial markets.</p>
 <p>The addition, although routine, highlights progress made with bringing a spot Bitcoin (BTC) ETF to U.S. markets for the first time. DTCC is the <a rel="noopener noreferrer nofollow" title="clearing" href="https://thebittimes.com/tag/clearing.html">clearing</a> house for NASDAQ trading according to ETF expert Eric Balchunas.</p>
 <p>Additionally, the listing on DTCC confirmed that BlackRock’s BTC fund will trade under the ticker IBTC. It is also the first spot Bitcoin ETF out of a dozen applications submitted since June 15 to appear on DTCC’s list.&nbsp;</p>
 <p>In an amendment made to its filing with the U.S. Securities and Exchange Commission (SEC), BlackRock reportedly disclosed the seeding schedule slated to begin in October 2023.&nbsp;</p>
 <p>Seeding refers to an ETF’s initial funding geared toward day-one trading. Bloomberg’s Balchunas noted that this amount is typically moderate.&nbsp;</p>
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    <p lang="en" dir="ltr">Note: Seeding is typically not a lot of money just enough to get ETF going. So I wouldn't read this as 'omg Blackrock is buying a ton of bitcoin' at all but more the fact they doing it and disclosing it shows another step in the process of launching.</p>— Eric Balchunas (@EricBalchunas) October 23, 2023
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> BlackRock ETF could push BTC valuation 11x, Scaramucci says
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 <p>SEC Chair Gary Gensler and his securities watchdog remain at the forefront of ETF conversations as the federal <a rel="noopener noreferrer nofollow" title="agency" href="https://thebittimes.com/tag/agency.html">agency</a> continued its application assessment, per a crypto.news report on Oct. 19.</p>
 <p>BTC prices previously surged beyond $30,000 on the back of an unconfirmed ETF approval announcement from crypto news site Cointelegraph.&nbsp;</p>
 <p>While Bitcoin retraced shortly after the news was debunked, TradingView data showed that the crypto token had regained its price position above $31,000 at press time.&nbsp;</p>
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 <p>Indeed, BTC’s market price was up 5 percent on Oct. 23 following a week-long rally and final formalities in the SEC v Grayscale case. The U.S. Court of Appeals for the D.C. Circuit published its mandate reaffirming its ruling which compels the SEC to reconsider Grayscales filing for a spot Bitcoin ETF.&nbsp;</p>
 <p>Grayscale’s victory in its bid to convert its Bitcoin Trust or GBTC into a Bitcoin ETF is widely regarded as a boon to ETF proponents. The company also filed a new application after urging the SEC to approve its punt in the race to list America’s first spot Bitcoin ETF.</p>
 <div class="wp-block-file"><object class="wp-block-file__embed" data="https://crypto.news/app/uploads/2023/10/Formal-court-mandate-in-SEC-v-Grayscale.pdf" type="application/pdf" style="width:100%;height:600px" aria-label="Embed of Formal court mandate in SEC v Grayscale."></object>Formal court mandate in SEC v GrayscaleDownload
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Lawyer suggests Bitcoin ETF approval expected by end of the year
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-spot-bitcoin-etf-added-to-nasdaq-s-clearing-agency-tbt67481.html">https://thebittimes.com/blackrock-spot-bitcoin-etf-added-to-nasdaq-s-clearing-agency-tbt67481.html</a></p>

BlackRock spot Bitcoin ETF added to NASDAQ’s clearing agency

TheBitTimes

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