Bitcoin ETF

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/wisdomtree-and-vaneck-etfs-listed-at-dtcc-amidst-sec-decision-anticipation/" data-wpel-link="internal">WisdomTree and VanEck ETFs Listed at DTCC Amidst SEC Decision Anticipation</a> 
Developments in the United States continue to unfold one after another. In an environment where there is high anticipation for the approval of spot <a href="https://en.coin-turk.com/bloomberg-analyst-loses-optimism-as-bitcoin-fails-to-surpass-30000-why/" data-wpel-link="internal">Bitcoin</a> ETF applications by the United States Securities and Exchange Commission (SEC), two out of eleven ETF applicants, WisdomTree and VanEck, have been listed at the Depository Trust &amp; Clearing Corporation (DTCC). This happened just 48 hours before the final deadline for the SEC to make a decision on the Ark 21Shares Bitcoin ETF application, which is on January 11. 
<h2 style="text-align: justify" id="wisdomtree-vaneck-etfs-listed-at-dtcc">WisdomTree, VanEck ETFs Listed at DTCC</h2> 
As of Monday, January 8, 2024, WisdomTree and VanEck were listed on the DTCC. VanEck’s listing code was somewhat mockingly $HODL, while WisdomTree was added to the list with the code $BTCW. 
It was recently reported that Bitwise’s spot Bitcoin exchange-traded fund (ETF) was listed at the DTCC using the code $BITB. 
Despite these listings, it should be noted that the situation does not constitute a definite approval. The US SEC can still issue a new rejection decision in light of new reasons, despite all these processes and efforts. 
Prior to all these listings, spot Bitcoin ETFs from BlackRock, Fidelity, and Invesco Galaxy had also found their place in the DTCC listings. 
<h2 style="text-align: justify" id="will-the-bitcoin-etf-be-approved">Will the Bitcoin ETF Be Approved?</h2> 
Fears that the US SEC will not approve the Bitcoin ETF have flared up again. Anxiety was rekindled after the publication of additional comments on S-1 forms by agency officials. However, analysts continue to maintain their optimism regarding the matter. 
Some analysts commenting on the issue state that these are merely regulatory obligations and have nothing to do with the decision regarding approval. 
On the other hand, the Bitcoin Price (BTC) experienced an incredible surge on Monday evening, surpassing the $47,000 level and gaining over 8% in value in the last 24 hours amidst all the anticipation for ETF approval. As of the time of writing, the Bitcoin price is trading just below $47,000 at $46,812. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-299905" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-usdt-1.png" alt="" width="1567" height="857"> 
This marks the highest level Bitcoin has reached in the year 2023. A potential spot Bitcoin ETF approval could have a significant impact on the price in the period leading up to the much-discussed halving event before April 2024. It could potentially trigger an early bull run before the expected Bitcoin halving event. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/wisdomtree-and-vaneck-etfs-listed-at-dtcc-amidst-sec-decision-anticipation/" data-wpel-link="internal">WisdomTree and VanEck ETFs Listed at DTCC Amidst SEC Decision Anticipation</a></h5>

WisdomTree and VanEck ETFs Listed at DTCC Amidst SEC Decision Anticipation

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