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Bitcoin ETF

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<img width="1200" height="800" src="https://coingape.com/wp-content/uploads/2023/12/Bitcoin-ETF-2-scaled-1-e1702535490232.jpg" class="attachment-full size-full wp-post-image" alt="bitwise spot Bitcoin ETF" decoding="async" style="float:right; margin:0 0 10px 10px;">
Bitwise spot Bitcoin exchange-traded fund (ETF) has now appeared on the active and pre-launch list of Depository Trust &amp; Clearing Corporation (DTCC). The Bitwise spot Bitcoin ETF is listed under the ticker — BITB. This is a significant advancement for the company in its pursuit of obtaining approval for the spot Bitcoin ETF first in the United States. 
<h2 id="bitwise-spot-bitcoin-etf-listed-on-dtcc">Bitwise Spot Bitcoin ETF Listed on DTCC</h2> 
According to the DTCC data, Bitwise’s spot Bitcoin ETF was listed on the Depository Trust &amp; Clearing Corporation (DTCC) website. The Wise Origin Bitcoin FD SHS is listed under the ticker BITB. It indicates that the U.S. SEC’s approval of a spot Bitcoin ETF is imminent as constructive discussions continue. 
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The recent listing of many spot Bitcoin ETFs on DTCC raised bullish sentiment on an approval by the U.S. SEC. BlackRock, <a href="https://coingape.com/breaking-fidelity-spot-bitcoin-etf-added-to-active-etf-and-pre-launch-list/" target="_blank" rel="noopener">Fidelity</a>, and Invesco Galaxy’s spot Bitcoin ETFs appeared on the list, but experts pointed out the listing doesn’t represent a regulatory approval. 
Bitwise Asset Management’s Chief Investment Officer <a href="https://coingape.com/bitwise-cio-matt-hougan-predicts-bitcoin-btc-to-hit-new-ath-amid-crypto-spring/" target="_blank" rel="noopener">Matt Hougan said</a> the potential introduction of a spot Bitcoin ETF in the U.S. stands out as a crucial factor. He predicted Bitcoin price to hit a new all-time high soon as people hedge against inflation. 
Also Read: <a title="LUNC News: Legally Absolved Route To Burn 800 Million USTC, Terra Classic Price Jumps" href="https://coingape.com/lunc-news-legally-absolved-route-to-burn-800-million-ustc-for-terra-classic-revival/" target="_blank" rel="bookmark noopener">Legally Absolved Route To Burn 800 Million USTC, LUNC Price Jumps</a> 
<h2 id="bitcoin-rise-in-anticipation-of-bitcoin-etf-approval">Bitcoin Rise In Anticipation of Bitcoin ETF Approval</h2> 
Matrixport research predicted a <a href="https://coingape.com/bitcoin-to-hit-45k-in-2023-125k-by-2024-end-matrixport/" target="_blank" rel="noopener">bullish rally to $45,000</a> by the end of the year when BTC price was trading near $35K. The firm also predicted BTC price <a href="https://coingape.com/btc-price-to-hit-60000-before-bitcoin-halving-matrixport/" target="_blank" rel="noopener">hitting $60,000</a>&nbsp;before&nbsp;<a href="https://coingape.com/glossary/bitcoin-halving/" target="_blank" rel="noopener">Bitcoin halving</a>. 
<a rel="nofollow" href="https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2024" target="_blank">Bitwise predicts</a> Bitcoin will trade above $80,000 in 2024, setting a new all-time high. Spot bitcoin ETFs will be considered the most successful ETF launch of all time. 
The spot Bitcoin ETF hype amid with bull market pushing price upwards. The <a href="https://coingape.com/fed-plans-for-three-rate-cuts-in-2024-altcoin-market-rally-continues/" target="_blank" rel="noopener">dovish Fed</a> confirms a bullish outlook for the market. Nonetheless, traders must be cautious in the face of unforeseen events. 
<a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener">BTC price</a> jumps 5% in the last 24 hours, with the price currently trading at $43,076. The 24-hour low and high are $40,813. and $43,429, respectively. Furthermore, the sentiment to hit $50,000 amid the Santa Claus rally is significantly higher. 
Also Read: <a href="https://coingape.com/cardano-ada-price-jumps-18-as-whales-join-the-party/" target="_blank" rel="noopener">Cardano (ADA) Price Jumps 18% As Whales Join the Party</a> 
The post <a href="https://coingape.com/breaking-bitwise-spot-bitcoin-etf-listed-on-dtcc-with-bitb-as-ticker/">Breaking: Bitwise Spot Bitcoin ETF Listed On DTCC With ‘BITB’ As Ticker</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: Bitwise Spot Bitcoin ETF Listed On DTCC With ‘BITB’ As Ticker

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