Bitcoin ETF

Bitcoin

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<ul> 
 <li>BlackRock’s proposed spot Bitcoin ETF disappeared from the list held by the Depository Trust and Clearing Corporation but later reappeared in the late hours of the evening.</li> 
 <li>Many industry observers interpreted the initial appearance of BlackRock’s iShares Bitcoin Trust fund on the list as a sign that potential approval from the Securities and Exchange Commission (SEC) could be one step closer.</li> 
 <li>After BlackRock’s fund disappeared from the list on Tuesday morning, Bitcoin retraced some gains, and the DTCC website appeared to have crashed due to heavy traffic.</li> 
</ul> 
<p><strong>BlackRock’s spot Bitcoin ETF fund returns to DTCC listing: Why does this listing matter? Could it mean that the ETF will get approval?</strong></p> 
<h2 id="strong-dtcc-reintroduces-blackrock-s-bitcoin-etf-strong"><strong>DTCC Reintroduces BlackRock’s Bitcoin ETF</strong></h2> 
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-126548" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-50.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>DTCC provides post-trade clearance, settlement, custody, and information services for Nasdaq, and many industry observers saw the initial appearance of BlackRock’s iShares Bitcoin Trust fund on the list as a sign that potential SEC approval might be one step closer. The world’s largest cryptocurrency by market value reached its highest level since May 2022, surpassing $35,000.</p> 
<p>After BlackRock’s fund disappeared from the list on Tuesday morning, Bitcoin retraced some gains, and the DTCC website appeared to have crashed due to heavy traffic. A DTCC spokesperson responded to questions by email, stating that adding security to the National Securities Clearing Corporation (NSCC) security compliance file for the launch of a new ETF is standard practice.</p> 
<p>The spokesperson explained, “The names on the file include active and potential ETF securities. Their appearance on the list signifies that a sponsoring bank has requested a DTCC identifier for an ETF fund, and DTCC may process this transaction at a future date following SEC approval, the timing of which is uncertain.”</p> 
<p>The same spokesperson added, “The appearance on the list does not indicate the outcome of any pending regulatory approvals or other approval processes for a specific ETF fund,” and continued, “BlackRock’s iShares Bitcoin Trust ETF was filed in August 2023. We continue to uphold our expectations regarding new offerings and the digitization of financial markets.”</p> 
<h2 id="strong-the-congestion-at-dtcc-signals-uniqueness-and-intensity-strong"><strong>The congestion at DTCC signals uniqueness and intensity</strong></h2> 
<p>Bloomberg Senior ETF Analyst Eric Balchunas commented earlier in the day, “DTCC, which is not accustomed to such attention or action, is a very dull place behind the scenes. This points to the uniqueness and intensity of this whole event.”</p> 
<p>When contacted by COINOTAG, BlackRock declined to comment on the matter. The price of Bitcoin has fallen by 0.6% in the last 24 hours, trading at around $34,195. Bitcoin’s price has seen a 20% increase in the past week.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/blackrocks-bitcoin-etf-reappears-on-dtcc-list-why-is-this-listing-significant/">BlackRock’s Bitcoin ETF Reappears on DTCC List: Why Is This Listing Significant?</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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BlackRock’s Bitcoin ETF Reappears on DTCC List: Why Is This Listing Significant?

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