Potential ETFs added to DTCC file as 39;standard practice39;DTCC
BlackRock iShares Bitcoin Trust ETF added in AugustDTCC
Move is not indicative of regulatory approvalDTCC
Bitcoin holds gains made on ETF approval speculation
SINGAPORE, Oct 25 Reuters BlackRock39;s proposed bitcoin exchangetraded fund ETF was added to a clearinghouse eligibility file in August, but the move is not indicative of any regulatory approval, clearing house DTCC said.
Speculation that BlackRock or a number of other pending bitcoin ETF applicants would succeed has sent bitcoin on its biggest twoday rally for seven months.
Traders had noticed it on a list on the website of DTCC, a posttrade settlement house that according to its annual report processed some 2.5 quadrillion in trades across asset classes in 2022.
The clearing house said the list was its eligibility file, which includes active and potential ETFs and that Blackrock39;s iShares Bitcoin Trust ETF was added in August as standard practice…in preparation for the launch of a new ETF.
Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes, a spokesperson for the company said by email.
BlackRock did not immediately respond to a request for comment. Bitcoin touched an 18month high of 35,198 on Tuesday and was last at 33,802 in Asia trade on Wednesday.
Any approval by the U.S. Securities and Exchange Commission SEC of an exchangetraded fund that owns bitcoin on behalf of…