DTCC Website Updated With NEW Bitcoin ETF Filings• December 8, 2023 11:01 am • Comments
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:
— Watcher.Guru (@WatcherGuru) December 8, 2023
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!”
The final touches on the SPOT BTC ETF’s 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
— Chad Steingraber (@ChadSteingraber) December 8, 2023
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!”
Fidelity's Spot Bitcoin ETF Hits the DTCC, Raising Eyebrows
Its 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… pic.twitter.com/z44ZXcXkNK
— Abbot Benton (@AbbotB13973) December 8, 2023
This listing aligns with the anticipated outcomes for ETFs in the current market conditions, following court orders in the Grayscale vs. SEC case, urging the Commission to approve applications by January 5 to 10, 2024.
Read more: https://t.co/BM3UnQWBna
— unusual_whales (@unusual_whales) December 8, 2023
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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