BlackRock, the world's largest asset management company, once again leads the market trend and officially confirms to the SEC that the Bitcoin spot ETF trading code is IBIT. This news will undoubtedly cause a stir in the financial world. Let's take a deep look at this blockbuster news, reveal BlackRock's latest moves, and the impact of Bitcoin ETF on the market.

As the world's largest asset management company, BlackRock's moves have always attracted market attention. This time, BlackRock confirmed to the SEC that the Bitcoin spot ETF trading code is IBIT, officially entering the cryptocurrency market. This move not only shows BlackRock's optimism about the cryptocurrency market, but also an important milestone in the development of the cryptocurrency industry. What kind of changes will the IBIT trading code confirmed this time bring to the market, we will wait and see.

As the most representative cryptocurrency, Bitcoin's price fluctuations have always attracted much attention. The Bitcoin spot ETF trading code IBIT confirmed by BlackRock this time will provide investors with a more convenient investment channel, and also bring more liquidity and recognition to the entire cryptocurrency market. This move will not only attract more traditional investors to enter the cryptocurrency market, but also promote the further development of the cryptocurrency market.

With BlackRock leading the way, the confirmation of the Bitcoin spot ETF trading code IBIT means that the cryptocurrency market has ushered in new opportunities and challenges. Investors can participate in the Bitcoin market more conveniently through IBIT, but they also need to pay attention to the volatility and risks of the cryptocurrency market. BlackRock's move will further promote the standardization and development of the cryptocurrency market and bring new inspiration to the entire financial industry.

In general, BlackRock's confirmation to the SEC that the Bitcoin spot ETF trading code is IBIT marks a new milestone in the cryptocurrency market. This move will bring more investment opportunities to the market and promote the development and growth of the cryptocurrency market. Investors should be cautious about market fluctuations, seize investment opportunities, and witness the vigorous development of the cryptocurrency industry together. BlackRock's leadership will bring new vitality and momentum to the entire financial market. Let us wait and see and witness the future of the cryptocurrency market together.

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Coin Circle (120BTc.CoM): The latest document submitted by BlackRock, the world's largest asset management company, to the Securities and Exchange Commission (SEC) recently (12/18) shows that the official name code is "IBIT".

One step further: Confirm the code IBIT

BlackRock's spot Bitcoin ETF recently confirmed that its trading code is "IBIT". This important development was made public in the revised S-1 document submitted by the company to the SEC on Monday this week.

Key interpretation: SEC and BlackRock negotiation model

BlackRock has added a new design for fund creation and redemption mechanisms in the latest document, which is particularly eye-catching.

It is understood that BlackRock hopes to adopt an "in-kind" model to increase the flexibility of managing investment portfolios.

However, the SEC prefers the so-called "cash" model, which requires BlackRock to take Bitcoin out of the reserve when investors want to redeem shares, sell it immediately, and then return the cash to investors.

ETF theme brings Bitcoin spring in 2023 

In the weeks when BlackRock and other companies such as Fidelity, Ark
21Shares and WisdomTree negotiated with the SEC on the creation and redemption process of Bitcoin spot ETFs, the market showed optimism about the approval of such funds.

This optimism has a positive impact on the price of Bitcoin. From the end of 2023, BlackRock began to invest in Bitcoin spot ETF applications, and several ETF companies also followed up with the SEC to negotiate, which made the price of Bitcoin rise all the way. Whether it will be passed will also be revealed in January next year.