Bitwise’s Spot Bitcoin ETF Included in DTCC List: Is Approval Approaching?

  • Bitwise’s spot Bitcoin exchange-traded fund (ETF) is now visible on the Depository Trust & Clearing Corporation (DTCC) active and pre-launch list.
  • According to DTCC data, Bitwise’s spot Bitcoin ETF has been listed on the Depository Trust & Clearing Corporation (DTCC) website.
  • The recent listing of several spot Bitcoin ETFs on DTCC has created a bullish trend regarding SEC approval.

Bitwise’s application for a spot Bitcoin ETF has been added to the DTCC site: Are companies getting closer to ETF approval in the US?

Bitwise Bitcoin ETF Added to DTCC Site

Bitcoin-BTC

Bitwise’s spot Bitcoin ETF is now visible on the Depository Trust & Clearing Corporation (DTCC) active and pre-launch list. Bitwise’s spot Bitcoin ETF is listed under the abbreviation BITB. This is a significant progress in the company’s efforts to obtain approval for the first spot Bitcoin ETF in the US.

According to DTCC data, Bitwise’s spot Bitcoin ETF is listed on the Depository Trust & Clearing Corporation (DTCC) website. Wise Origin Bitcoin FD SHS is listed under the abbreviation BITB. This indicates that the approval of the US Securities and Exchange Commission (SEC) for the spot Bitcoin ETF is imminent, and constructive discussions are ongoing.

The recent listing of several spot Bitcoin ETFs on DTCC has created a bullish trend regarding SEC approval. BlackRock, Fidelity, and Invesco Galaxy’s spot Bitcoin ETFs are on the list, but experts have noted that the list does not represent regulatory approval.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, highlighted the potential introduction of a spot Bitcoin ETF in the US as a significant factor. He predicted that Bitcoin would soon reach a new all-time high as a hedge against inflation.

Bitcoin Rises with Expectations of ETF Approval

Matrixport research predicted a bullish rally to $45,000 by the end of the year when the BTC price traded around $35,000. The firm also forecasted the BTC price to reach $60,000 before the Bitcoin halving.

Bitwise predicts that Bitcoin will trade above $80,000 in 2024 and set a new all-time high. Spot Bitcoin ETFs are expected to be considered the most successful ETF launch of all time.

The excitement about spot Bitcoin ETFs in the bull market is pushing the price higher. The dovish Fed confirms a bullish outlook for the market. However, traders should be cautious against unexpected events.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Cryptocurrency Stocks Decline as U.S. Markets Fall: MicroStrategy, Coinbase, and MARA Holdings React

On April 2nd, the U.S. stock market experienced notable...

$ATH Listed on Binance Futures

$ATH Listed on Binance Futures

Grayscale Launches Innovative Bitcoin ETFs: BTCC and BPI Aim for Income through Covered Call Strategies

On April 2nd, Grayscale Investments revealed the introduction of...

BNB Chain Unveils First Recipients of $100 Million Liquidity Support Program: KILO, MUBARAK, and More

In a significant development for the cryptocurrency sector, BNB...

Binance Kicks Off Second Round of Coin Listing Voting Featuring VIRTUAL and More!

On April 2nd, Binance officially revealed the commencement of...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img