BlackRock’s iShares Bitcoin ETF, which is currently under consideration, has been officially listed on the Depository Trust & Clearing Corporation (DTCC).

BlackRock’s recently listed iShares Bitcoin exchange-traded fund (ETF) on the Depository Trust & Clearing Corporation (DTCC) suggests the possibility of approval by the US Securities and Exchange Commission (SEC). According to ETF specialist Eric Balchunas at Bloomberg, the DTCC listing represents a significant milestone in the journey to launch a cryptocurrency ETF.

The iShares ETF, assigned the ticker code IBTC, is currently under consideration for listing on Nasdaq. Eric Balchunas suggests that BlackRock may have already obtained approval from the SEC or is well-prepared for the process. If granted, this development could pave the way for other spot cryptocurrency ETF submissions currently under the SEC’s review. The SEC is expected to make a decision on BlackRock’s application by January 10, 2024.