Amid excessive anticipation of america Securities and Alternate Fee (SEC) approving the spot Bitcoin ETF functions, the ETFs from two of the 11 ETF candidates, WisdomTree and VanEck, have been listed on the Depository Belief & Clearing Company (DTCC). This comes simply 48 hours earlier than the SEC’s deadline to take a choice on the Ark 21Shares Bitcoin ETF submitting.
Additionally Learn: US SEC Issues Comments On Bitcoin ETF Form S-1s, Approval To Get Delayed?
WisdomTree, VanEck ETFs Listed On DTCC
On Monday, January 8, 2024, WisdomTree and VanEck have added their lsitings on DTCC and are prepared for clearance. VanEck has been listed with the ticker $HODL whereas WisdomTree has added with the ticker $BTCW. Earlier, CoinGape reported that the Bitwise spot Bitcoin exchange-traded fund (ETF) has been listed for clearance with the DTCC with the ticker $BITB.
Nonetheless, this doesn’t essentially imply indication of any regulatory clearance, amid the pending approval from the US SEC. Beforehand, the spot Bitcoin ETFs of BlackRock, Fidelity, and Invesco Galaxy have additionally been added to the DTCC record.
Bitcoin ETF: Approval Or Delay?
Fears over probabilities of the US SEC delaying the approval of Bitcoin ETF have been triggered with the company officers issuing further feedback on the shape S-1s. Nonetheless, analysts consider these are mere regulatory compulsions and don’t have anything to do with determination making by way of approval. Earlier, CoinGape reported the feedback from folks related to the ETF filers, who mentioned the SEC has not knowledgeable them of any change in plans.
Additionally Learn: XRP ETF Filing To Come Within Weeks After Bitcoin ETF Approval?
The introduced content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
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