Bitwise spot Bitcoin ETF In a development on the front, the company’s ETF managed to be included in the active and pre-launch list of the Depository Trust & Clearing Corporation (DTCC). Listed with the code BITB, the ETF has made significant progress on behalf of the company and the community, which is awaiting approval from the US authorities.
The ETF, listed under the ticker Wise Origin Bitcoin FD SHS, BITB, has triggered much speculation, raising claims that the US SEC is close to approving a spot Bitcoin ETF.
As Koinfinans.com reported, many spot Bitcoin ETFs were recently listed on DTCC. This increased expectations that the SEC would make the approvals very soon. Spot ETFs from BlackRock, Fidelity and Invesco Galaxy were also listed, but experts continue to warn that the listing does not represent regulatory approval.
Bitwise Asset Management’s Chief Investment Officer Matt Hougan stated that a spot Bitcoin ETF in the US is critical. Houhan, while people are protected against inflation Bitcoin He predicts that the price will soon reach an all-time high.
In a study conducted by Matrixport, it was predicted that the Bitcoin price would rise to $ 45,000 by the end of the year, while it was trading at $ 35,000. Before the split, which is expected to take place in April, the price has the potential to rise up to $60,000.