Constancy’s Smart Origin spot Bitcoin ETF is listed on the Depository Belief & Clearing Company (DTCC) beneath the ticker image FBTC.
The spot Bitcoin ETF was listed by DTCC, which is engaged in clearing transactions.
It supplies post-trade clearance, settlement, custody, and knowledge companies for shares, exchange-traded funds, and different merchandise, in line with NASDAQ.
Bloomberg Intelligence analyst Eric Balchunas mentioned on X (previously Twitter) that the majority tickers have already been set.
Beforehand, spot Bitcoin ETFs from Invesco Galaxy and BlackRock appeared on the DTCC listing. Nevertheless, this doesn’t imply that the U.S. Securities and Trade Fee (SEC) has authorised the applying from BlackRock. The iShares Bitcoin Belief is considered one of many funds which are nonetheless ready for the SEC’s choice. Particularly, these embrace Franklin Templeton, Grayscale Investments, Constancy and a few others.
Nevertheless, this doesn’t imply that SEC has authorised the applying from BlackRock. The iShares Bitcoin Belief is considered one of many funds which are nonetheless ready for the SEC’s choice. Particularly, these embrace Franklin Templeton, Grayscale Investments, Constancy and a few others.
The launch of those funding merchandise is taken into account within the crypto group to be the catalyst for a brand new bull cycle out there. Bloomberg analysts estimated the chance that the SEC will approve the ETF in early January 2024 at 90%.