Bitcoin ETF

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Bitcoin

Spot

Another spot Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) ETF from Bitwise (BITB) has appeared on the website of the clearing and settlement company Depository Trust &amp; Clearing Corporation (DTCC). 
The spot Bitcoin ETF was listed by <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" target="_blank" rel="noopener">DTCC</a>, which is in charge if clearing trades. It provides post-trade clearance, settlement, custody and information services for stocks, exchange-traded funds and other products, according to&nbsp;NASDAQ. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="352" src="https://crypto.news/app/uploads/2023/12/Screenshot-2023-12-14-at-11.11.48-1024x352.png" alt="Bitwise Bitcoin ETF listed on DTCC along with Fidelity and BlackRock - 16" class="wp-image-14227443">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" target="_blank" rel="noopener">DTCC</a>
 </figcaption>
</figure> 
Listing on DTCC is part of the process of bringing an ETF to market. Typically, the DTCC list includes active and potential ETFs. 
Prior to this, Fidelity’s Wise Origin Spot Bitcoin ETF <a href="https://crypto.news/fidelity-spot-bitcoin-etf-listed-on-dtcc/">was listed</a> on the DTCC. Spot Bitcoin ETFs from Invesco Galaxy and BlackRock also <a href="https://crypto.news/invesco-and-galaxys-spot-bitcoin-etf-listed-on-dtcc-site/">appeared</a> on the site. 
 You might also like: <a href="https://crypto.news/ishares-bitcoin-etf-absent-from-dtcc-website-after-initial-listing/"> iShares Bitcoin ETF absent from DTCC website after initial listing </a> 
On Jun. 16, Bitwise Asset Management <a href="https://crypto.news/sec-gives-official-acknowledgment-to-bitwises-resubmitted-spot-bitcoin-etf-application/">submitted</a> a re-application for a spot Bitcoin ETF. A year ago, the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/">SEC</a>) rejected the company’s petition, citing that it would fail to provide adequate joint oversight and protect investors from market manipulation. 
Bitwise filed the application a day after investment giant BlackRock <a href="https://crypto.news/blackrock-nears-bitcoin-etf-filing-partnering-with-coinbase-custody/">filed</a> the same filing, sparking a wave of optimism among members of the crypto community. The decision of the world’s largest company by assets under management to launch a spot ETF indicates the willingness of institutional players to actively invest in cryptocurrencies. 
 You might also like: <a href="https://crypto.news/best-crypto-etf/"> Best crypto ETF by performance in 2023 </a>

Bitwise Bitcoin ETF listed on DTCC along with Fidelity and BlackRock

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