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**🚨 Breaking News: 🏛️ The U.S. Securities and Exchange Commission (DTCC) acquires blockchain startup Securrency for $50 million to enhance blockchain-based services, including tokenized asset trading. The move is poised to facilitate the issuance of ETFs on the blockchain network through Securrency's technology. Completion of the acquisition is expected in a few weeks. 🌐💼 #DTCC #Securrency #BlockchainAcquisition
BlackRock's iShares Bitcoin Trust ETF (IBTC) Listed on DTCC Website.
BlackRock, a renowned asset management company, is taking significant steps into the cryptocurrency market with its proposed spot Bitcoin ETF, the iShares Bitcoin Trust (IBTC).
DTCC Listing:
The Depository Trust and Clearing Corporation (DTCC) has added BlackRock's iShares Bitcoin Trust to its roster, marking the first spot ETF to be listed on DTCC. This marks a pivotal milestone in the approval process.
Ticker Symbol IBTC:
The ETF has been assigned the ticker symbol IBTC, aligning with BlackRock's reputation for stability and trustworthiness.
SEC Approval Pending:
While the ETF is now listed on DTCC, it's essential to note that the Securities and Exchange Commission (SEC) has not yet granted approval for any spot Bitcoin ETF, including BlackRock's offering. Regulatory challenges persist.
Leading the Way:
BlackRock's proactive approach in areas such as seeding, ticker selection, and DTCC listing reflects confidence in the eventual approval of the ETF, hinting at possible imminent approval.
Competition in Applications:
BlackRock is not alone in its pursuit of approval for a spot Bitcoin ETF. Other asset management firms, including Grayscale Investments, Fidelity, and WisdomTree, have also submitted applications. The recent delays by the SEC in reviewing these applications have added extra time to the process.
Bitcoin Price Surge:
Anticipation of the approval of a spot Bitcoin ETF has contributed to a surge in Bitcoin's price. The world's largest cryptocurrency recently reached its highest level in over a year, with a 10.8% increase in the past 24 hours and a 25.3% gain in the past month.
As the cryptocurrency market eagerly awaits regulatory decisions, BlackRock's iShares Bitcoin Trust ETF is a prominent player in the evolving landscape of cryptocurrency investment options.
#BlackRock #etf #DTCC #SEC #bitcoin $BTC
BlackRock, a renowned asset management company, is taking significant steps into the cryptocurrency market with its proposed spot Bitcoin ETF, the iShares Bitcoin Trust (IBTC).
DTCC Listing:
The Depository Trust and Clearing Corporation (DTCC) has added BlackRock's iShares Bitcoin Trust to its roster, marking the first spot ETF to be listed on DTCC. This marks a pivotal milestone in the approval process.
Ticker Symbol IBTC:
The ETF has been assigned the ticker symbol IBTC, aligning with BlackRock's reputation for stability and trustworthiness.
SEC Approval Pending:
While the ETF is now listed on DTCC, it's essential to note that the Securities and Exchange Commission (SEC) has not yet granted approval for any spot Bitcoin ETF, including BlackRock's offering. Regulatory challenges persist.
Leading the Way:
BlackRock's proactive approach in areas such as seeding, ticker selection, and DTCC listing reflects confidence in the eventual approval of the ETF, hinting at possible imminent approval.
Competition in Applications:
BlackRock is not alone in its pursuit of approval for a spot Bitcoin ETF. Other asset management firms, including Grayscale Investments, Fidelity, and WisdomTree, have also submitted applications. The recent delays by the SEC in reviewing these applications have added extra time to the process.
Bitcoin Price Surge:
Anticipation of the approval of a spot Bitcoin ETF has contributed to a surge in Bitcoin's price. The world's largest cryptocurrency recently reached its highest level in over a year, with a 10.8% increase in the past 24 hours and a 25.3% gain in the past month.
As the cryptocurrency market eagerly awaits regulatory decisions, BlackRock's iShares Bitcoin Trust ETF is a prominent player in the evolving landscape of cryptocurrency investment options.
#BlackRock #etf #DTCC #SEC #bitcoin $BTC
Crypto Market Maintains Gains Amidst Volatility and Growing Interest👀
In crypto, prices managed to hold on to the gains for the most part, with many futures based ETFs and CME's BTC open interest being at all time highs. BTC prices fluctuated throughout the session, especially on news that Blackrock's ETF was listed on-then off-then on again on DTCC (Deposit Clearing)'s website, but ultimately settled at close to the recent highs at above $34k.
While the irony of welcoming TradFi involvement in crypto as a bull market thesis is not unnoticed by us, but flows ultimately drive price action, and it would appear that there is going to be some leg to this narrative, as sentiment appears to have hit an inflection point. Let's hope that the excitement stays heading into and out of the year-end!
#CME #BTC #BlackrockETF #DTCC #TradFiInvolvement
In crypto, prices managed to hold on to the gains for the most part, with many futures based ETFs and CME's BTC open interest being at all time highs. BTC prices fluctuated throughout the session, especially on news that Blackrock's ETF was listed on-then off-then on again on DTCC (Deposit Clearing)'s website, but ultimately settled at close to the recent highs at above $34k.
While the irony of welcoming TradFi involvement in crypto as a bull market thesis is not unnoticed by us, but flows ultimately drive price action, and it would appear that there is going to be some leg to this narrative, as sentiment appears to have hit an inflection point. Let's hope that the excitement stays heading into and out of the year-end!
#CME #BTC #BlackrockETF #DTCC #TradFiInvolvement
Galaxy Digital and Invesco Bitcoin Spot ETF Join BlackRock on DTCC
Post By: CryptosHeadlines.com
A new development: Another proposed Spot Bitcoin ETF is now listed on the Depository Trust and Clearing Corporation’s (DTCC) website, marking the second such ETF to appear on the corporation’s site.The Invesco Galaxy Bitcoin ETF, with the ticker ‘BTCO,’ has been added to the DTCC website. This comes after BlackRock’s spot Bitcoin ETF, known as ‘IBTC,’ was also listed. The uncertainty surrounding the approval of these funds is causing increased attention.
DTCC Listing of Bitcoin ETFs Doesn’t Guarantee Approval by SEC
Anticipation for BlackRock’s IBTC approval had grown, but it waned after a spokesperson clarified that the listings were routine and didn’t hint at SEC approval.
An ETF expert emphasized that the DTCC’s listing doesn’t carry significant meaning in the context of SEC approval for Bitcoin ETFs. It simply indicates that asset managers are getting ready in case the SEC grants approval.
Asset managers like BlackRock and VanEck have disclosed their intentions to start seeding their funds. Although this step doesn’t ensure that the SEC will approve these funds in the near future, it does reflect these companies’ optimism that their Spot Bitcoin ETFs will eventually launch.
Valkyrie Joins Spot Bitcoin ETF Amendment Trend
Bloomberg analyst James Seyffart noted that Valkyrie, an asset management firm, has joined others like ARK Invest, BlackRock, Fidelity, and Bitwise in amending their Spot Bitcoin ETF prospectus. These amendments have sparked speculation about the possibility of the SEC approving such a fund in the near future. ARK Invest was the first to make such amendments, leading to predictions that approval could come as early as next year.
BTC price hovering above $34,400 | Source: BTCUSD on Tradingview.com
The SEC has been quiet about Grayscale’s application, and the Commission is scheduled to have a closed meeting on November 2, which is its first meeting since the Grayscale deadline passed. One of the agenda items for the meeting is to address litigation claims, which could potentially involve Grayscale’s application.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#GalaxyDigital #Invesco #ETF #BlackRock #DTCC
A new development: Another proposed Spot Bitcoin ETF is now listed on the Depository Trust and Clearing Corporation’s (DTCC) website, marking the second such ETF to appear on the corporation’s site.The Invesco Galaxy Bitcoin ETF, with the ticker ‘BTCO,’ has been added to the DTCC website. This comes after BlackRock’s spot Bitcoin ETF, known as ‘IBTC,’ was also listed. The uncertainty surrounding the approval of these funds is causing increased attention.
DTCC Listing of Bitcoin ETFs Doesn’t Guarantee Approval by SEC
Anticipation for BlackRock’s IBTC approval had grown, but it waned after a spokesperson clarified that the listings were routine and didn’t hint at SEC approval.
An ETF expert emphasized that the DTCC’s listing doesn’t carry significant meaning in the context of SEC approval for Bitcoin ETFs. It simply indicates that asset managers are getting ready in case the SEC grants approval.
Asset managers like BlackRock and VanEck have disclosed their intentions to start seeding their funds. Although this step doesn’t ensure that the SEC will approve these funds in the near future, it does reflect these companies’ optimism that their Spot Bitcoin ETFs will eventually launch.
Valkyrie Joins Spot Bitcoin ETF Amendment Trend
Bloomberg analyst James Seyffart noted that Valkyrie, an asset management firm, has joined others like ARK Invest, BlackRock, Fidelity, and Bitwise in amending their Spot Bitcoin ETF prospectus. These amendments have sparked speculation about the possibility of the SEC approving such a fund in the near future. ARK Invest was the first to make such amendments, leading to predictions that approval could come as early as next year.
BTC price hovering above $34,400 | Source: BTCUSD on Tradingview.com
The SEC has been quiet about Grayscale’s application, and the Commission is scheduled to have a closed meeting on November 2, which is its first meeting since the Grayscale deadline passed. One of the agenda items for the meeting is to address litigation claims, which could potentially involve Grayscale’s application.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#GalaxyDigital #Invesco #ETF #BlackRock #DTCC
🚫 The official website of the U.S. Securities Depository (DTCC) goes offline, raising concerns. 📉 #DTCC #Security #AccessIssue
Significant Surge in #Bitcoin Price: Impacts of the DTCC List and SEC Approval🧐
#bitcoin stands out as the most prominent player in the cryptocurrency markets. Yet, the developments this week caused a noticeable rise in Bitcoin's price. So, what's behind this surge?The #DTCC List IncidentOn Tuesday, an unexpected situation occurred for many investors and analysts. Bitcoin suddenly disappeared from the list maintained by the Depository Trust and Clearing Corporation (DTCC). This disappearance caused a brief panic; however, Bitcoin was re-added to the list on the same day's evening. As DTCC provides post-trade services for Nasdaq, any changes in its lists can typically trigger significant financial movements.BlackRock and the iShares Bitcoin Trust FundImmediately after the disappearance, news came that BlackRock's iShares Bitcoin Trust fund was added to the DTCC list. As BlackRock is the world's largest asset manager, the addition of this Bitcoin-related fund to the list was seen as a crucial step. This move was interpreted as a sign of cryptocurrencies increasingly being accepted by institutional investors.Potential SEC ApprovalDoes the addition of BlackRock's iShares Bitcoin Trust fund to the list indicate an impending approval from the Securities and Exchange Commission (SEC)? This question is swirling in the minds of many investors. An approval from the SEC would be a significant step for Bitcoin and other cryptocurrencies. It signifies formal recognition and acceptance of cryptocurrencies by a broader investor base.ConclusionFollowing these developments, Bitcoin's price reached levels of $35,000, the highest seen since May 2022. These events showcase the dynamic and rapidly changing nature of the cryptocurrency market. They also highlight the growing interest of institutional investors in cryptocurrencies and indicate that developments in this area can have a significant influence on the future of cryptocurrencies.
Key Reason Why #Bitcoin Has Reclaimed $34,000
The leading #cryptocurrency , Bitcoin, has recovered to the desired $34,000 mark after reducing some of its gains. The price increase was probably caused in part by a clarification provided by the Depository Trust and Clearing Corporation (DTCC).
1. #DTCC listing stirs market
The purely hypothetical expectation that BlackRock and other Bitcoin #ETF candidates would be approved has caused Bitcoin to see its biggest two-day increase in the past seven months.
2. A sea of green
Based on statistics from CoinGecko, Bitcoin has increased by 18.6% in the last week and is currently stable at $34,116. The price of Ethereum, the second-most popular cryptocurrency, is $1,792.29. This is a 14% increase over the same time period. The best performance is Solana, which is currently #trading at $31.38, up a massive 29.8% during the course of the week.
The leading #cryptocurrency , Bitcoin, has recovered to the desired $34,000 mark after reducing some of its gains. The price increase was probably caused in part by a clarification provided by the Depository Trust and Clearing Corporation (DTCC).
1. #DTCC listing stirs market
The purely hypothetical expectation that BlackRock and other Bitcoin #ETF candidates would be approved has caused Bitcoin to see its biggest two-day increase in the past seven months.
2. A sea of green
Based on statistics from CoinGecko, Bitcoin has increased by 18.6% in the last week and is currently stable at $34,116. The price of Ethereum, the second-most popular cryptocurrency, is $1,792.29. This is a 14% increase over the same time period. The best performance is Solana, which is currently #trading at $31.38, up a massive 29.8% during the course of the week.
How Bitcoin’s revival to $35K can affect its upcoming movement
#Bitcoin's [#BTC ] price surged beyond $35,000 once more following its recent loss of sway over the market. Santiment suggests that the market's increased optimism following BlackRock's iShares #ETF 's re-listing on the Depository Trust and Clearing Corporation (#DTCC ) market may be the cause of the comeback.
For those who are unfamiliar, the DTCC is a US-based company that offers financial market clearing and settlement services. The iShares ETF debuted on the DTCC market two days ago. Because of this, market participants assumed that the firm's ETF application would be granted sooner than anticipated.
However, the listing was removed a few hours later, and the U.S. #SEC promptly fined BlackRock $2.5 million. But the fine had nothing to do with the DTCC listing. Instead, it had to do with the organization's omission of some investments from disclosure.
#Bitcoin's [#BTC ] price surged beyond $35,000 once more following its recent loss of sway over the market. Santiment suggests that the market's increased optimism following BlackRock's iShares #ETF 's re-listing on the Depository Trust and Clearing Corporation (#DTCC ) market may be the cause of the comeback.
For those who are unfamiliar, the DTCC is a US-based company that offers financial market clearing and settlement services. The iShares ETF debuted on the DTCC market two days ago. Because of this, market participants assumed that the firm's ETF application would be granted sooner than anticipated.
However, the listing was removed a few hours later, and the U.S. #SEC promptly fined BlackRock $2.5 million. But the fine had nothing to do with the DTCC listing. Instead, it had to do with the organization's omission of some investments from disclosure.
🏦 DTCC completes acquisition of Securrency, rebrands it as DTCC Digital Assets to explore institutional DeFi potential, acquisition amount undisclosed. 💼🔗 #DTCC #SecurrencyAcquisition
HUGE NEWS: DTCC Acquires Securrency in Anticipation of Spot Bitcoin ETF Approvals!
Major financial institution, Depository Trust and Clearing Corporation (#DTCC ), has acquired digital asset infrastructure provider, Securrency, in a move widely seen as preparation for the impending approval of spot #Bitcoin ETFs.
Securrency logo
This acquisition is significant for several reasons:
DTCC plays a crucial role in the traditional financial system, settling and clearing trillions of dollars worth of securities every day.Securrency provides a platform for issuing and managing digital assets, including Bitcoin.The acquisition suggests that DTCC is preparing to offer clearing and settlement services for spot Bitcoin ETFs,paving the way for their widespread adoption by institutional investors.
This news comes amidst growing anticipation for the approval of a spot Bitcoin ETF in the United States. The Securities and Exchange Commission (SEC) has been reviewing several applications, and many experts believe that an approval is imminent.
The approval of a spot Bitcoin ETF would be a major milestone for the cryptocurrency industry. It would provide investors with a convenient and regulated way to gain exposure to Bitcoin, potentially leading to significant inflows of institutional capital.
Here are some of the potential implications of a spot Bitcoin ETF approval:
Increased institutional investment in Bitcoin: This could lead to higher prices and greater market liquidity.Greater legitimacy for Bitcoin: This could attract more mainstream investors and accelerate its adoption.More innovation in the crypto space: This could lead to the development of new products and services.
Overall, the acquisition of Securrency by DTCC is a positive development for the cryptocurrency industry. It suggests that major financial institutions are preparing for the growth of the digital asset market and are open to embracing Bitcoin and other cryptocurrencies.
Stay tuned for further updates on the approval of spot Bitcoin ETFs and other key developments in the crypto space.
#BinanceTournament #AVAX #INJ
$BTC $INJ $BCH
Securrency logo
This acquisition is significant for several reasons:
DTCC plays a crucial role in the traditional financial system, settling and clearing trillions of dollars worth of securities every day.Securrency provides a platform for issuing and managing digital assets, including Bitcoin.The acquisition suggests that DTCC is preparing to offer clearing and settlement services for spot Bitcoin ETFs,paving the way for their widespread adoption by institutional investors.
This news comes amidst growing anticipation for the approval of a spot Bitcoin ETF in the United States. The Securities and Exchange Commission (SEC) has been reviewing several applications, and many experts believe that an approval is imminent.
The approval of a spot Bitcoin ETF would be a major milestone for the cryptocurrency industry. It would provide investors with a convenient and regulated way to gain exposure to Bitcoin, potentially leading to significant inflows of institutional capital.
Here are some of the potential implications of a spot Bitcoin ETF approval:
Increased institutional investment in Bitcoin: This could lead to higher prices and greater market liquidity.Greater legitimacy for Bitcoin: This could attract more mainstream investors and accelerate its adoption.More innovation in the crypto space: This could lead to the development of new products and services.
Overall, the acquisition of Securrency by DTCC is a positive development for the cryptocurrency industry. It suggests that major financial institutions are preparing for the growth of the digital asset market and are open to embracing Bitcoin and other cryptocurrencies.
Stay tuned for further updates on the approval of spot Bitcoin ETFs and other key developments in the crypto space.
#BinanceTournament #AVAX #INJ
$BTC $INJ $BCH
🔥Bad news!!! DTCC cuts Bitcoin ETF collateral by 100%
📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!
🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!
💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.
💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.
📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!
#CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉
📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!
🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!
💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.
💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.
📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!
#CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉
Bitcoin #ETFs. Rejected as Loan Collateral by #DTCC : No Impact on Retail Investors (Likely)
Bad news for #Bitcoin ETF fans hoping to use them as loan collateral. The DTCC, a key financial services provider, won't accept them as collateral for loans. This affects inter-bank lending but likely won't impact retail investors' ability to buy or sell Bitcoin ETFs through brokers.
#dyor"
Bad news for #Bitcoin ETF fans hoping to use them as loan collateral. The DTCC, a key financial services provider, won't accept them as collateral for loans. This affects inter-bank lending but likely won't impact retail investors' ability to buy or sell Bitcoin ETFs through brokers.
#dyor"
No Bitcoin ETF Loans from DTCC
Major financial firm #DTCC won't allow Bitcoin #ETFs. as collateral, limiting their use. This impacts loans between institutions but may not affect individual brokers. Despite this, spot #Bitcoin ETFs in the US saw strong initial inflows totaling $12.5 billion in just 3 months. However, recent outflows raise questions about their long-term viability.
#cryptoniteuae
Major financial firm #DTCC won't allow Bitcoin #ETFs. as collateral, limiting their use. This impacts loans between institutions but may not affect individual brokers. Despite this, spot #Bitcoin ETFs in the US saw strong initial inflows totaling $12.5 billion in just 3 months. However, recent outflows raise questions about their long-term viability.
#cryptoniteuae
🔥Bad news!!! DTCC cuts Bitcoin ETF collateral by 100%
📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!
🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!
💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.
💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.
📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!
#CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉
📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!
🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!
💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.
💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.
📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!
#CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉
Bitcoin #ETFs. Rejected as Loan Collateral by #DTCC : No Impact on Retail Investors (Likely)
Bad news for #Bitcoin ETF fans hoping to use them as loan collateral. The DTCC, a key financial services provider, won't accept them as collateral for loans. This affects inter-bank lending but likely won't impact retail investors' ability to buy or sell Bitcoin ETFs through brokers.
#dyor"
Bad news for #Bitcoin ETF fans hoping to use them as loan collateral. The DTCC, a key financial services provider, won't accept them as collateral for loans. This affects inter-bank lending but likely won't impact retail investors' ability to buy or sell Bitcoin ETFs through brokers.
#dyor"
