BlackRock’s Bitcoin ETF Inches Closer to SEC Approval

BlackRock's iShares spot Bitcoin ETF makes a significant stride by getting listed on the Depository Trust & Clearing Corporation, a precursor to potential SEC approval. The move marks a hopeful step towards mainstream crypto ETF acceptance, amid a landscape of regulatory uncertainties.
Jordan Tuwiner

Jordan discovered Bitcoin in 2013 and has been helping others learn about Bitcoin since through this site, which reaches 20,000+ readers daily.

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      October 24, 2023

BlackRock’s Bitcoin ETF Inches Closer to SEC Approval

Key Takeaways

  • BlackRock's iShares spot Bitcoin ETF listed on DTCC, hinting at nearing SEC approval.
  • Bloomberg analyst underscores the milestone, eyeing a possible Nasdaq listing.
  • SEC's upcoming decision could usher in a new chapter of spot crypto ETFs in the US.

Venturing into Crypto ETFs

BlackRock, the investment behemoth, embarked on a daring journey with its iShares spot Bitcoin ETF. The recent listing on the Depository Trust & Clearing Corporation (DTCC) is seen as a promising sign of nearing SEC approval, which is crucial for the ETF to make its way to mainstream markets.

A Beacon of Hope

On October 23, Bloomberg ETF analyst Eric Balchunas pointed out the DTCC listing, emphasizing it as a pivotal step in the crypto ETF market journey. With a designated ticker symbol of IBTC, the ETF is poised for a potential listing on the Nasdaq stock exchange, representing a significant leap towards mainstream acceptance of cryptocurrency assets.

The SEC’s verdict on BlackRock’s application is eagerly anticipated, with a deadline looming on January 10, 2024. A green light could set the stage for a flurry of spot crypto ETFs, reshaping the US crypto investment landscape. However, recent updates on October 24 threw a curveball as the ETF was temporarily delisted from the DTCC, adding a layer of intrigue to this unfolding saga.

The Broader Impact

Should the SEC approve BlackRock’s application, it may well trigger a cascade of spot crypto ETF filings from other financial institutions, further propelling the US into a new era of crypto investment. The unfolding scenario is watched with bated breath as it holds the potential to significantly alter the investment dynamics surrounding cryptocurrency assets.

Article Sources

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  1. BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm,

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.