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Fidelity’s FBTC Spot Bitcoin ETF Inches Closer to SEC Approval on DTCC List
Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on the active and pre-launch list of the Depository Trust & Clearing Corporation (DTCC).
The move places the financial services company at the forefront of the race for the first spot Bitcoin (BTC) ETF approval in the United States.
First Spot Bitcoin ETF Expected to be Approved in January
According to DTCC data, the listing of Fidelity’s spot Bitcoin ETF under the ticker FBTC on the DTCC website indicates imminent approval by the United States Securities and Exchange Commission (SEC).
The company submitted an application for the spot BTC ETF in June, joining dozens of other companies awaiting the SEC’s decision on the approval.
Investors are eagerly awaiting the US SEC’s decision on various ETF applications, including Fidelity’s FBTC, the Ark 21Shar
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