“The inclusion of BlackRock’s bitcoin ETF in the eligibility file by DTCC, a reputable clearing house, marks a significant milestone in the mainstream acceptance of cryptocurrencies as legitimate investment assets.”
Recently, there has been speculation surrounding BlackRock’s proposed bitcoin exchange-traded fund (ETF) and whether it will receive regulatory approval. Traders noticed that the ETF was added to a clearing-house eligibility file in August, which led to further speculation. However, the clearing house, DTCC, clarified that this addition is simply part of their standard practice and does not indicate any regulatory approval.
The inclusion of BlackRock’s iShares Bitcoin Trust ETF on the list does not suggest any outcome for the regulatory approval process, according to a spokesperson from DTCC. BlackRock has yet to comment on the matter.
The anticipation of a bitcoin ETF approval has caused bitcoin prices to surge, reaching an 18-month high of $35,198. If the U.S. Securities and Exchange Commission (SEC) approves a bitcoin ETF, it is expected to attract more investors to the cryptocurrency market and bring in a new wave of capital.
However, it is important to note that the SEC has declined to comment on the matter. The inclusion of the ETF in the DTCC’s eligibility file should not be considered as an indication of any regulatory approval.
In conclusion, while there is speculation surrounding BlackRock’s bitcoin ETF, it is crucial to wait for official regulatory decisions before drawing any conclusions. The inclusion of the ETF in the clearing-house eligibility file is a standard practice and does not provide any insight into the outcome of the regulatory approval process.