Both Grayscale and BlackRock have made notable strides in their Bitcoin exchange-traded fund (ETF) products, according to recent announcements.

BlackRock seems to have taken a step closer to listing its product on the Nasdaq stock exchange. Meanwhile, the US Court of Appeals has mandated a review of Grayscale’s Bitcoin ETF proposal.

Positive Bitcoin ETF News for BlackRock and Grayscale

In two separate announcements, the two investment firms saw positive developments for their Bitcoin ETF proposals.

According to Bloomberg analyst, Erin Balchusas, BlackRock’s iShares Bitcoin Trust is making progress towards launching a Bitcoin ETF with an important listing:

“The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker will be $IBTC. Again all part of the process of bringing ETF to market.”

Balchusas explained that the choice of name for the ticker is a fairly bland choice, describing it as “zzzzz.”

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Author: Ciaran Lyons

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