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Bloomberg ETF Analyst: BlackRock May Have Received Green Light, but ETF Should Be Approved at the Same Time

According to Bloomberg ETF analyst Eric Balchunas, "BlackRock may have already received the green light, or it's just assuming and preparing for everything. We still believe that many ETFs will be launched together, rather than BlackRock being approved first." Earlier reports stated that BlackRock's iShares Bitcoin Trust has been listed on DTCC with the code IBTC.

DTCC (Depository Trust & Clearing Corporation) is a US financial services company established in 1999, consisting of five clearing corporations and one depository institution, providing clearing and settlement services to financial markets. It should be noted that this move does not mean that the ETF has been approved by the SEC.

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