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Breaking: Bitwise Spot Bitcoin ETF Listed On DTCC With ‘BITB’ As Ticker

Bitwise spot Bitcoin ETF listed on the active and pre-launch list of Depository Trust & Clearing Corporation (DTCC), BTC price jumps 5%.
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Breaking: Bitwise Spot Bitcoin ETF Listed On DTCC With ‘BITB’ As Ticker

Bitwise spot Bitcoin exchange-traded fund (ETF) has now appeared on the active and pre-launch list of Depository Trust & Clearing Corporation (DTCC). The Bitwise spot Bitcoin ETF is listed under the ticker — BITB. This is a significant advancement for the company in its pursuit of obtaining approval for the spot Bitcoin ETF first in the United States.

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Bitwise Spot Bitcoin ETF Listed on DTCC

According to the DTCC data, Bitwise’s spot Bitcoin ETF was listed on the Depository Trust & Clearing Corporation (DTCC) website. The Wise Origin Bitcoin FD SHS is listed under the ticker BITB. It indicates that the U.S. SEC’s approval of a spot Bitcoin ETF is imminent as constructive discussions continue.

The recent listing of many spot Bitcoin ETFs on DTCC raised bullish sentiment on an approval by the U.S. SEC. BlackRock, Fidelity, and Invesco Galaxy’s spot Bitcoin ETFs appeared on the list, but experts pointed out the listing doesn’t represent a regulatory approval.

Bitwise Asset Management’s Chief Investment Officer Matt Hougan said the potential introduction of a spot Bitcoin ETF in the U.S. stands out as a crucial factor. He predicted Bitcoin price to hit a new all-time high soon as people hedge against inflation.

Also Read: Legally Absolved Route To Burn 800 Million USTC, LUNC Price Jumps

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Bitcoin Rise In Anticipation of Bitcoin ETF Approval

Matrixport research predicted a bullish rally to $45,000 by the end of the year when BTC price was trading near $35K. The firm also predicted BTC price hitting $60,000 before Bitcoin halving.

Bitwise predicts Bitcoin will trade above $80,000 in 2024, setting a new all-time high. Spot bitcoin ETFs will be considered the most successful ETF launch of all time.

The spot Bitcoin ETF hype amid with bull market pushing price upwards. The dovish Fed confirms a bullish outlook for the market. Nonetheless, traders must be cautious in the face of unforeseen events.

BTC price jumps 5% in the last 24 hours, with the price currently trading at $43,076. The 24-hour low and high are $40,813. and $43,429, respectively. Furthermore, the sentiment to hit $50,000 amid the Santa Claus rally is significantly higher.

Also Read: Cardano (ADA) Price Jumps 18% As Whales Join the Party

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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