BlackRock takes apparent new step in bitcoin ETF prep

The world’s largest asset manager continues to prep its proposed bitcoin ETF as segment observers have pointed to potential bullish signs that such products will be approved.

BlackRock’s planned iShares Bitcoin Trust is now listed on the Depository Trust and Clearing Corporation (DTCC) website. The planned fund’s ticker is IBTC, according to the listing.  

Bloomberg Intelligence senior analyst Eric Balchunas said Monday that IBTC is the first proposed spot bitcoin ETF listed on DTCC — a financial market infrastructure giant that processes trillions of dollars in securities transactions daily.

A DTCC subsidiary — National Securities Clearing Corporation (NSCC) — has a…

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