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BlackRock’s Spot Bitcoin ETF Appears on DTCC Website With Ticker IBTC

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Today’s Cryptocurrency Headline

BlackRock’s highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, has made an appearance on a list maintained by the Depository Trust and Clearing Corporation, which Nasdaq says provides post-trade clearance, settlement, custody and information services.While still awaiting approval from the Securities and Exchange Commission, along with other proposed spot bitcoin funds, the DTCC lists the BlackRock fund’s ticker as IBTC.”This is first spot ETF listed on DTCC, none of the others on there (yet),” Bloomberg senior ETF analyst Eric Balchunas wrote in a thread on X. “Def notable BlackRock is leading charge on these logistics (seeding, ticker, dtcc) that tend to happen just prior to launch. Hard not to view this as them getting signal that approval is certain/imminent.”

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin’s price sustained its rally into a second week on Monday, with the digital asset rising 14.5% in the past 24 hours to break through the $34,000 mark for the first time since May, 2022.Gains Monday evening came as BlackRock’s highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, made an appearance on a list maintained by the Depository Trust and Clearing Corporation, which Nasdaq says provides post-trade clearance, settlement, custody and information services.While still awaiting approval from the Securities and Exchange Commission, along with other proposed spot bitcoin funds, the DTCC lists the BlackRock fund’s ticker as IBTC.Over shorter time periods, bitcoin, as an emerging asset class, is impacted by regulation tailwinds and headwinds, decisions made by large independent allocators and macro factors.The support level is at $34,200 and the resistance level is at $35,600.

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