DTCC Website Updated With NEW Bitcoin ETF Filings

December 8, 2023 11:01 am Comments

The DTCC website now features a new Bitcoin ETF listing from Fidelity Investments.

This marks the latest Bitcoin ETF application, alongside the BlackRock and Grayscale ETF applications.

Numerous investors, speculators, and traders are anticipating that at least one of these applications will be approved by the SEC soon.

Indeed, there have been many recent reports of closed-door meetings between these financial entities and the SEC, fueling the speculation of an ETF approval soon. Here’s what is currently being reported:

Chad Steingraber claimed: “The final touches on the SPOT BTC ETFs are being made as we speak, apparently the SEC is working overtime to make it happen. The Fidelity Spot ETF was just added to DTCC as FBTC Get ready for launch!”

Watcher Guru explained the role of the DTCC:

Playing a central role in the financial sector, the DTCC provides clearing and settlement services for major exchanges.

This includes the NASDAQ. Fidelity’s choice to list its spot Bitcoin ETF on the DTCC highlights the growing institutional acceptance of digital assets.

Abbot Benton writes: “[Fidelity’s] spot bitcoin ETF FBTC has finally hit off DTCC with Blackrock issuing another iShares bitcoin trust.

Some people see it as a small regulatory step towards mainstream usage, while others view it as embracing institutional recognition.

The question remains: will this amount to giving Bitcoins legitimacy and thereby trigger a market upswing?

Only time will tell, but one thing’s for sure: Crypto has made an addition to this landscape. Keep your eyes peeled!”

According to Cryptopolitan:

Recent legal directives, such as those in the Grayscale vs. SEC case, have urged the Commission to expedite the approval of ETF applications.

These developments could be pivotal in fostering institutional involvement in the crypto market.

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