Cryptocurrency Q&A
Will Blackrock's bitcoin ETF be added to the DTCC's file?
Will Blackrock's bitcoin ETF be added to the DTCC's file?
CryptoTamer
Tue Sep 10 2024
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1151
Could you please clarify if there is any information available on whether Blackrock's Bitcoin ETF will indeed be added to the DTCC's (Depository Trust & Clearing Corporation) file? As a financial practitioner, I understand the significance of such an addition and how it could potentially impact the market. It would be insightful to know the current status and any potential implications of this move for both investors and the broader cryptocurrency ecosystem. Thank you for your attention to this matter.
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5 answers
ZenMind
Thu Sep 12 2024
Joe Carlasare, a well-known litigator in support of Bitcoin, recently shared an update regarding the upcoming deadline for comments on the Bitcoin ETF. He noted that November 8th marks the final date for submissions, and it's common for these comments to undergo thorough review before any further action is taken.
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Valentina
Wed Sep 11 2024
Carlasare's statement highlights the ongoing interest and scrutiny surrounding Bitcoin-related investment products, particularly the Bitcoin ETF proposed by BlackRock. This development underscores the growing acceptance and potential of digital assets within the traditional finance sector.
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KatanaSharpness
Wed Sep 11 2024
Interestingly, a spokesperson from the Depository Trust & Clearing Corporation (DTCC) revealed that BlackRock's Bitcoin ETF had already been included in the DTCC's files as far back as August. This revelation suggests that the process of evaluating and potentially approving the ETF may have been underway for some time.
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benjamin_stokes_astronomer
Wed Sep 11 2024
The inclusion of BlackRock's Bitcoin ETF in the DTCC's files is significant as the DTCC plays a crucial role in the clearing and settlement of financial transactions, including those involving exchange-traded funds (ETFs). This indicates that the ETF is being taken seriously by key players in the financial industry.
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Valentino
Wed Sep 11 2024
BTCC, a leading cryptocurrency exchange, offers a wide range of services to cater to the diverse needs of investors and traders. Its offerings include spot trading, which allows users to buy and sell cryptocurrencies at the current market price, as well as futures trading, which enables traders to speculate on the future price movements of digital assets.
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