Since August, BlackRock’s Bitcoin ETF has been listed on the DTCC website

It turns out that BlackRock’s anticipated iShares spot Bitcoin exchange-traded fund (ETF) has been listed on the Depository Trust & Clearing Corporation (DTCC) website since August, which is why it moved the cryptocurrency markets yesterday.

With its IPO, the DTCC—which offers Nasdaq post-trading clearing, settlement, custody, and information services—was perceived as the biggest asset manager in the world getting ready for the possible approval of a spot Bitcoin ETF.

The DTCC listing of BlackRock’s ETF was seen by cryptocurrency traders as a hint that the fund would be approved and traded as such. The DCC clarified, however, that this is a standard procedure that any fund must go through in order to receive the SEC’s clearance and that it has nothing to do with the regulatory status of the ETF. This procedure include obtaining a ticker symbol and a unique ID code known as CUSIP.

Eric Balchunas, an analyst for Bloomberg ETFs, said that it was difficult “not to view” the DTCC listing because BlackRock was “getting signal that approval is certain/imminent.” As a result, the price of bitcoin surged to above $35,000. However, it has subsequently dropped. Next bull run appears to be seen on trader’s horizon close to 2024 or in the beginning of 2025, considering the rollercoaster cycle of Bitcoin bull run every 3 years.