BlackRock Preps for Bitcoin ETF Launch, Lines Up Seed Investor and Reveals Ticker
From decrypt.co
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 latest ...
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