Amid anticipation of US SEC approval, the WisdomTree and VanEck ETFs have been listed on the Depository Trust & Clearing Corporation (DTCC).
The spot Bitcoin ETF applications have generated significant anticipation, with the Depository Trust & Clearing Corporation (DTCC) listing the ETFs of two of the eleven applicants, WisdomTree and VanEck, in advance of the SEC’s decision.
This occurs precisely 48 hours before the SEC’s deadline for a decision regarding the Ark 21Shares Bitcoin ETF filing.
DTCC Lists WisdomTree, VanEck ETFs
WisdomTree and VanEck submitted their listings on DTCC on Monday, January 8, 2024, and are now prepared for clearance.
In contrast to VanEck, which is now traded under the symbol $HODL, WisdomTree has been added under the symbol $BTCW.
Before this, CoinGape reported that the Bitwise spot Bitcoin exchange-traded fund (ETF), denoted by the ticker $BITB, had been submitted to the DTCC for clearance.
Nevertheless, this does not inherently imply regulatory clearance, as authorization from the US SEC is still forthcoming.
BlackRock, Fidelity, and Invesco Galaxy spot Bitcoin ETFs were previously included on the DTCC list.
Bitcoin ETF: Delay Or Approval?
Concerns were sparked regarding the possibility that the US SEC would postpone the approval process for Bitcoin ETFs when agency officials provided further remarks on the form S-1s.
On the other hand, analysts consider these to be trivial regulatory requirements that have no bearing on the approval decision-making process.
Conversely, in anticipation of the ETF’s approval, the price of Bitcoin (BTC) surpassed the $47,000 threshold on Monday, advancing by more than 8% over the last 24 hours.
With the ETF approval likely to spark a bull run ahead of yet another significant event, the Bitcoin Halving, which is scheduled for April 2024, the leading cryptocurrency is trading at its highest level in the past year.