BlackRock, the world's largest asset manager, is making progress towards launching its Bitcoin exchange-traded fund (ETF). The company has revealed that the ETF will use the ticker symbol IBTC and has received a CUSIP number of 46438F101. BlackRock aims to seed the fund in October, although the prospectus can be easily amended. This development comes as BlackRock's iShares Bitcoin Trust is now listed on the Depository Trust & Clearing Corporation with the ticker IBTC. The launch of BlackRock's Bitcoin ETF is eagerly awaited by investors and could have a significant impact on the cryptocurrency market.
BlackRock's spot bitcoin ETF appears on DTCC website with ticker IBTC, per the Block.
BlackRock is taking another shot at a strategy long-dominated by mutual funds, target-date investing, but with an exchange-traded fund-twist https://t.co/AiCZHLJemk via @markets
BlackRock is taking another shot at a strategy long-dominated by mutual funds, target-date investing, but with an exchange-traded fund-twist https://t.co/PyDTIcLARK
NEW - BlackRock's iShares #Bitcoin Trust is now listed on the Depository Trust & Clearing Corporation with the ticker $IBTC https://t.co/kV8zxzJrEv
BlackRock looks to seed ISHARES Bitcoin ETF in October 2023 š It's probably nothing... https://t.co/22xUX2y0b3
BlackRock Preps for Bitcoin ETF Launch, Lines Up Seed Investor and Reveals Ticker āŗ https://t.co/yQntTCl9rl https://t.co/yQntTCl9rl
š BlackRock is planning to add initial funding to its Bitcoin ETF this month. It also already has a CUSIP number for the the fund. https://t.co/UHq9OpvYXn
Three bits of ETF news: - Blackrock's Bitcoin ETF should use the ticker: IBTC - Blackrock has received a CUSIP number: 46438F101 - Blackrock's amended prospectus aims to seed the fund in OCTOBER (but easily amended!) https://t.co/uTZXidB1BA