Fidelity Lists FBTC Spot Bitcoin ETF on DTCC

Fidelity Investments achieved a milestone by listing its spot Bitcoin ETF, FBTC, on the Depository Trust and Clearing Corporation (DTCC).

The clearinghouse for transactions, DTCC, listed the spot Bitcoin ETF.

NASDAQ offers post-trade clearing, settlement, custody, and information services for stocks, ETFs, and other products. According to Bloomberg Intelligence analyst Eric Balchunas on X (previously Twitter), almost all of the tickers have already been set.

Spot Bitcoin ETFs from BlackRock and Invesco Galaxy used to be listed on the DTCC. This, however, does not imply that BlackRock's application has been accepted by the U.S. Securities and Exchange Commission (SEC).

Several funds, including the iShares Bitcoin Trust, are still awaiting the SEC's ruling. These include Fidelity, Grayscale Investments, Franklin Templeton, and others.

This does not imply, however, that the SEC has accepted BlackRock's application. Several funds, including the iShares Bitcoin Trust, still await the SEC's ruling.

These include Fidelity, Grayscale Investments, Franklin Templeton, and others. The cryptocurrency community believes that the introduction of these financial products is what will start a new bull market cycle. Analysts at Bloomberg projected a 90% chance that the ETF will be approved by the SEC in early January 2024.