Fidelity spot Bitcoin ETF listed on DTCC

Fidelity’s Wise Origin spot Bitcoin ETF is listed on the Depository Trust & Clearing Corporation (DTCC) under the ticker symbol FBTC.

The spot Bitcoin ETF was listed by DTCC, which is engaged in clearing transactions.

It provides post-trade clearance, settlement, custody, and information services for stocks, exchange-traded funds, and other products, according to NASDAQ.

Bloomberg Intelligence analyst Eric Balchunas said on X (formerly Twitter) that almost all tickers have already been set.

Fidelity has revealed their ticker, $FBTC, another boring-on-purpose choice aimed at the Boomerati. Almost all the tickers now set. Next big reveal to watch: the fees (which will prob come out last minute bf launch as issuers reluctant to show their hand) https://t.co/eDA0RQUkIF

— Eric Balchunas (@EricBalchunas) December 8, 2023

Previously, spot Bitcoin ETFs from Invesco Galaxy and BlackRock appeared on the DTCC list. However, this does not mean that the U.S. Securities and Exchange Commission (SEC) has approved the application from BlackRock. The iShares Bitcoin Trust is one of many funds that are still waiting for the SEC’s decision. In particular, these include Franklin Templeton, Grayscale Investments, Fidelity and some others.

However, this does not mean that SEC has approved the application from BlackRock. The iShares Bitcoin Trust is one of many funds that are still waiting for the SEC’s decision. In particular, these include Franklin Templeton, Grayscale Investments, Fidelity and some others.

The launch of these investment products is considered in the crypto community to be the catalyst for a new bull cycle in the market. Bloomberg analysts estimated the likelihood that the SEC will approve the ETF in early January 2024 at 90%.