#BTC Spot Bitcoin ETF Listed on DTCC,

Bitwise Asset Management has become the latest firm to have its spot Bitcoin (BTC) ETF (Exchange Traded Fund) listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker name $BITB. The move is in a positive direction as chances of a spot BTC ETF approval in the US have significantly increased. Bitwise now joins Fidelity, whose spot BTC ETF was listed on the DTCC last week.

Although a spot BTC ETF in the US is yet to face approval, Matt Hougan, Chief Investment Officer at Bitwise, said that the team is “preparing as though there’s going to be a launch.”

Hougan also stated, “We’re preparing marketing and sales strategies and press and all those things, and we’re working with regulators to try to push things ahead.”

Hougan also said he has met with regulators to discuss the firm’s application. He added that “all the firms” meet with the SEC regularly.

The race for a spot Bitcoin ETF is heating up. According to Bloomberg analysts, there is a 90% chance that the US SEC (Securities and Exchange Commission) will approve a spot BTC ETF by Jan. 10.