Crypto News – The ticker for the Bitwise spot Bitcoin ETF is BITB. In its quest to get the spot Bitcoin ETF approved in the US first, this is a major step forward for the business.
Breaking News: Bitwise Spot Bitcoin ETF Listed on DTCC, Driving BTC Price Hike
Bitwise’s spot Bitcoin ETF was listed on the Depository Trust & Clearing Corporation (DTCC) website, per the DTCC data. The ticker BITB is used to identify the Wise Origin Bitcoin FD SHS. It suggests that if fruitful talks continue, the U.S. SEC will soon approve a spot Bitcoin ETF.
BTC Will See $80k by the End of 2024, According to Bitwise
Many spot Bitcoin ETFs were recently listed on DTCC, which boosted optimism about an SEC clearance in the United States. Experts noted that the listing does not imply regulatory approval for the spot Bitcoin ETFs offered by BlackRock, Fidelity, and Invesco Galaxy.
Chief Investment Officer of Bitwise Asset Management, Matt Hougan, noted that one important consideration is the possible launch of a spot Bitcoin ETF in the United States. As consumers protect themselves from inflation, he said, the price of Bitcoin will soon reach an all-time high.
When the price of Bitcoin was at $35K at the end of the year, Matrixport research predicted a bullish rebound to $45,000. Prior to the Bitcoin halving, the company also forecasted that the price of BTC would reach $60,000. According to Bitwise, Bitcoin will reach an all-time high of almost $80,000 in 2024. Spot bitcoin ETFs are going to be regarded as the best-ever ETF launch.
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