Listing Bitcoin ETF In Eligibility File Is Standard Practice, DTCC Claims: Report

BlackRock's iShares Bitcoin Trust (IBTC) was included on the DTCC list on Monday, but it vanished on Tuesday. It reappeared later in the day.

Bitcoin prices have seen a 23% gain in the past week, while the past month saw an increase of 33%.

A DTCC spokesperson told Blockworks that the names in the file, kept by DTCC subsidiary National Securities Clearing Corporation, include active and potential ETF securities. The proposed BlackRock offering was first added to the list in August, according to DTCC.

Will the Spot Bitcoin ETF see a listing approval from the SEC as we await Benzinga's Future of Digital Assets conference in New York on Nov. 14? Attend and learn more about the impact on the overall crypto landscape. The gathering is seen as pivotal for the digital assets community. The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.

Also Read: DTCC To Acquire Securrency To Boost Digital Asset Services Amid Tokenization Boom

DTCC said: “Appearing on the list is simply an indication that an agent bank has requested a DTCC identifier for an ETF fund and that DTCC may process that transaction at an undetermined date in the future following SEC approval.”

It added that the proposed fund’s inclusion on the list is “not indicative of an outcome for any outstanding regulatory or other approval processes in respect of a particular ETF fund.”

The U.S. Court of Appeals also asked the U.S. Securities and Exchange Commission (SEC) to reassess Grayscale's Spot Bitcoin ETF application.

Find out about all the ETF applications by various companies. Meet and engage with other transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event: Future of Digital Assets. Tickets are flying: Get yours!