Eric Balchunas believes that the appearance of the iShares spot ETF on the DTCC lists indicates likely imminent approval by the US Securities and Exchange Commission (SEC). He emphasized that such a listing is always “part of the process,” and the choice of the iShares fund is quite logical – the investment giant BlackRock is behind this company.
“This is the first spot ETF listed on DTCC, there are no others there yet. It is definitely BlackRock that leads the cohort of investment companies. It’s hard not to view such a listing as a signal that the fund’s approval is imminent and certain,” the Bloomberg analyst wrote.
Balchunas also suggested that BlackRock has likely already received preliminary approval for a spot Bitcoin ETF and has begun preparing to launch the fund. The deadline for a decision on BlackRock’s application is January 10, 2024.
Previously, Eric Balchunas said that a spot Bitcoin ETF will appear before the end of 2024 with a 95% probability. Amid news of the listing of the iShares fund on DTCC, the Bitcoin rate reached $34,500.
Source: Bits
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