A preliminary approval has been received for the spot Bitcoin (BTC) ETF application of Blackrock, the investment giant that manages $11 trillion in assets.
monday night 02.00 CEST of waters spot Bitcoin exchange-traded fund (ETF) There was a significant development on the front. The world’s largest asset manager BlackRock’s iShares spot Bitcoin ETF is the largest exchange in the USA NasdaqResponsible for the execution of transactions in DTCCListed in . Although this listing does not constitute an approval of the spot Bitcoin ETF, it does. pre-approval qualification carrying.
BlackRock’s spot Bitcoin ETF listing IBTC It did not go unnoticed that it was made with the label. About the issue via social media in the statement Bloomberg senior ETF analyst Eric Balchunasthis listing on DTCC Part of the process leading to ETF approval He emphasized that it was.
With this development late yesterday, first time A spot Bitcoin ETF application has been listed on DTCC. Currently pending approval from the US Securities and Exchange Commission (SEC) 12 different spot Bitcoin ETF applications is available. Among these Grayscale Investments, Ark Invest, Fidelity And WisdomTree There are also applications from market giants such as.
BlackRock’s ETF could begin trading in October
Analyst Balchunas is also covered by BlackRock shared In updated ETF filings, the iShares spot Bitcoin ETF in October He emphasized that it would be launched. Balchunas, this not included in the original file and stated that there was a noteworthy detail added later:
BlackRock states in its latest spot Bitcoin ETF update that they will launch the ETF in October. I don’t want to read too much into it, but this information that wasn’t in the original filing is notable (especially since they’re BlackRock).
Sudden rise in Bitcoin price
The cryptocurrency market, which has been closely following the spot Bitcoin ETF application for a while, quickly priced in this preliminary approval development. Although there was activity in the cryptocurrency market in general, Bitcoin was the one that took the lead and was at the center of attention.
According to CoinGecko data, Bitcoin is only in the 12-hour period. 10% rising around for $35,000 reached. bitcoin, for 36 thousand dollars It made a leap of .
At the same time, Bitcoin market dominance 54.49% rising to the level Since April 2021 reached the highest percentage.
While this sudden rise hit the bearish players the most, it quickly $145 million liquidation was done. Bitcoin at the time of writing from $33,845 finds buyers.