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BlackRock Preps for Bitcoin ETF Launch, Lines Up Seed Investor and Reveals Ticker
BlackRock’s Bitcoin exchange-traded fund (ETF) might be close to launching. A ticker for the iShares Bitcoin Trust, IBTC, has been listed by the Depository Trust & Clearing Corporation (DTCC). The DTCC is a massive piece of behind-the-scenes infrastructure in U.S. financial markets. It handles an astounding $2.3 quadrillion—that's $1 billion times $2.3 million—worth of stock sales annually, which makes it the largest financial clearinghouse in the world. Senior Bloomberg Intelligence analyst Eric Balchunas made note of the update on Twitter. tweet This follows news last week that the fund manager’s ... (full story)