The listing of BlackRock’s Bitcoin ETF on DTCC has raised the hopes of many crypto enthusiasts on the potential approval of spot BTC ETFs. However, a renowned ETF expert has discouraged this optimism, stating that the recent DTCC listing has no significance.
BlackRock DTCC Listing Downplayed
Chief Executive Officer of Armada ETFs, Phil Bak took to X (formerly Twitter) on Tuesday, October 24 to discuss his skepticism surrounding the significance of BlackRock’s iShares Bitcoin ETF listing on Depository Trust & Clearing Corporation (DTCC).
Bak stated that he had been an expert on ETF launches for years and had been actively involved in the operations of ETF product development and management. He revealed that DTCC’s listing of BlackRock’s Bitcoin ETF held no importance regarding the possible approval of Bitcoin ETFs by the United States Securities and Exchange Commission (SEC).
“I spent six years managing new ETF launches for NYSE (2010-2016), and about 15 years in ETF p
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