BlackRock’s iShares Bitcoin Trust

Share post:

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.

 

ETF Newz Says:

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.

Related

Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...