BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin ETF named the iShares Bitcoin Trust (ticker: IBTC). It is now listed on the Depository Trust and Clearing Corporation (DTCC) website. The DTCC is a major financial market infrastructure that processes trillions of dollars in securities transactions daily.
The DTCC and its subsidiary, the National Securities Clearing Corporation (NSCC), play a vital role in clearing and settling ETF transactions. They have a process to review the ETF’s portfolio constituents and facilitate the creation and redemption of ETF shares.
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