WisdomTree and VanEck ETFs Listed on DTCC
Two of the 11 ETF applicants, WisdomTree and VanEck, have been listed on the Depository Trust & Clearing Corporation (DTCC). This move comes just before the SEC’s deadline to decide on the Ark 21Shares Bitcoin ETF filing.
On January 8, 2024, WisdomTree and VanEck were added to the DTCC with the tickers $BTCW and $HODL, respectively. The Bitwise spot Bitcoin exchange-traded fund (ETF) was also listed with the ticker $BITB earlier.
It’s important to note that these listings do not indicate regulatory clearance as they are still pending approval from the US SEC. BlackRock, Fidelity, and Invesco Galaxy’s spot Bitcoin ETFs have also been added to the DTCC list.
Bitcoin ETF: Approval or Delay?
There are concerns about the US SEC potentially delaying the approval of a Bitcoin ETF after agency officials issued additional comments on the form S-1s. However, analysts believe these comments are just regulatory requirements and do not impact the decision-making process for approval. The SEC has not informed ETF filers of any changes in plans.
Meanwhile, Bitcoin’s price surpassed $47,000, increasing by over 8% in the last 24 hours due to hopes of an ETF approval. This is the highest level for Bitcoin in the past year. If an ETF is approved, it could trigger a bull run leading up to another significant event: the Bitcoin Halving in April 2024.
Hot Take: Anticipation Builds for SEC Decision on Bitcoin ETF
The crypto community is eagerly awaiting the United States Securities and Exchange Commission’s (SEC) decision on the Bitcoin ETF applications. With WisdomTree and VanEck being listed on the DTCC, the anticipation grows even stronger. Although these listings don’t guarantee regulatory clearance, they mark a significant step forward for the ETF applicants.
While fears of a potential delay persist, analysts believe that recent comments from SEC officials are routine and won’t impact the ultimate decision. The surge in Bitcoin’s price indicates the market’s optimism regarding an ETF approval, with hopes of a bullish trend leading up to the upcoming Bitcoin Halving event.
By
By
By
By
By