Demex Daily: DTCC Lists BlackRock's Bitcoin ETF Hinting at SEC Approval; Celestia to Launch Experimental Mainnet Beta for Modular Blockchain Ecosystem

What’s Interesting Today:

The iShares spot Bitcoin ETF proposed by BlackRock has secured a listing on the Depository Trust & Clearing Corporation (DTCC), signaling a likely forthcoming approval from the U.S. Securities and Exchange Commission (SEC). The ETF, which carries the ticker IBTC, is also on track for a Nasdaq listing. According to Bloomberg ETF analyst Eric Balchunas, the DTCC listing suggests that SEC approval could be around the corner. If the ETF gets the green light, it could set a precedent for other spot crypto ETFs currently awaiting SEC review.

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After years of development, Celestia is set to launch its Mainnet Beta, an experimental network that aims to create a modular blockchain ecosystem. The Mainnet Beta will feature data availability sampling, an API for rollups, and support for up to 8MB blocks. The Celestia Foundation will coordinate with genesis validators for the initial launch. While the network is initially experimental and may experience instability, it represents a cornerstone for future modular blockchain development. Community-driven updates and enhancements are expected, including potential features like more efficient block propagation and light node security improvements. Users can participate by deploying rollups, staking with validators, or running a sampling light node.