Bitwise Bitcoin ETF listed on DTCC along with Fidelity and BlackRock
Another spot Bitcoin (BTC) ETF from Bitwise (BITB) has appeared on the website of the clearing and settlement company Depository Trust & Clearing Corporation (DTCC).
The spot Bitcoin ETF was listed by DTCC, which is in charge if clearing trades. It provides post-trade clearance, settlement, custody and information services for stocks, exchange-traded funds and other products, according to NASDAQ.
Listing on DTCC is part of the process of bringing an ETF to market. Typically, the DTCC list includes active and potential ETFs.
Prior to this, Fidelity’s Wise Origin Spot Bitcoin ETF was listed on the DTCC. Spot Bitcoin ETFs from Invesco Galaxy and BlackRock also appeared on the site.
On Jun. 16, Bitwise Asset Management submitted a re-application for a spot Bitcoin ETF. A year ago, the U.S. Securities and Exchange Commission (SEC) rejected the company’s petition, citing that it would fail to provide adequate joint oversight and protect investors from market manipulation.
Bitwise filed the application a day after investment giant BlackRock filed the same filing, sparking a wave of optimism among members of the crypto community. The decision of the world’s largest company by assets under management to launch a spot ETF indicates the willingness of institutional players to actively invest in cryptocurrencies.
