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Blackrock Bitcoin ETF Revealed (Eruptions Market Report 10-26-23)

BlackRock's proposed bitcoin exchange-traded fund (ETF) was added to a clearing-house 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 two-day rally for seven months.


Traders had noticed it on a list on the website of DTCC, a post-trade settlement house that according to its annual report processed some $2.5 quadrillion in trades across asset classes in 2022.



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