BlackRock’s proposed spot Bitcoin exchange-traded fund (ETF), called the iShares Bitcoin Trust, has been included in DTCC’s list of assets that the company provides post-trade, clearing, and settlement services for.
The ETF is designated by the ticker symbol IBTC. However, as of now, the asset has not yet been formally registered with the Securities and Exchange Commission (SEC).
According to Bloomberg analyst Eric Balchunas, there are no other spot Bitcoin ETFs listed on the DTCC list.
He also noted that BlackRock may have paid for the pre-launch logistics, indicating that they have received a positive signal that approval for the ETF is likely imminent.
Balchunas also praised the chosen ticker symbol for the ETF, saying it is better than others such as “$HODL.”
He added that this ticker may be more appealing to wealthy boomer clients of asset managers who are interested in investing in Bitcoin.
