Here are some latest developments in the crypto world over the past few days.
Blackrock’s exchange-traded fund (ETF) iShares Spot Bitcoin has been listed on the Depository Trust & Clearing Corporation (DTCC), a Nasdaq Trade Clearing Firm, indicating that the US Securities and Exchange Commission may consider it for approval, said an ETF analyst. According to Bloomberg ETF analyst Eric Balchunas, it is “all part of the process” for its listing and a positive sign towards SEC approval.
IShares Spot Bitcoin ETF, with the ticker symbol IBTC, had applied for the listing in June. “There are no other ETFs listed on DTCC as of yet; this is the first spot ETF,” Balchunas said on X on October 23. Investment firm BlackRock is spearheading the efforts for its listing.
The US Court of Appeals has issued an order in response to a ruling mandating the SEC to probe Grayscale Investments’ application for a spot Bitcoin ETF.
The court decision was expected after the SEC did not appeal to its earlier ruling on August 29 requiring Grayscale’s Bitcoin ETF application to be reviewed.
The court’s “formal mandate” came on October 23, according to a filing in the US Court of Appeals for the District of Columbia Circuit. This allowed the SEC to examine its ruling regarding Grayscale’s spot Bitcoin ETF.
The latest court order upheld its August 29 decision, providing Grayscale another opportunity to transform its Grayscale Bitcoin Trust into a listed BTC ETF. Meanwhile, the SEC approved investment vehicles connected to Bitcoin and Ether futures, but it has not yet given the nod to a single spot crypto ETF for listing on the US exchanges.
On October 19, Grayscale filed a registration statement with the SEC to list its Bitcoin trust shares on the New York Stock Exchange Arca under the symbol GBTC. The SEC is now reviewing ETF applications from Grayscale and other businesses, such as BlackRock, ARK Investment, and Valkyrie.
Blockchain businesses are using AI chatbots to assist developers in building applications more quickly and effectively. The Web3 sector has begun to take advantage of the growing prospects surrounding AI and chatbots across multiple industries.
RippleX Research is developing an AI chatbot for developers of the XRP Ledger, according to Aanchal Malhotra, head of RippleX Research.
Malhotra said, “Rather than rambling through all of the documentation and client libraries, developers will be able to direct their questions to the AI chatbot to get instant answers. This will make the life of developers much easier as it will shorten the time for ideas to become applications.”
The group behind the Skale blockchain network, Skale Labs, is also developing an AI-driven chatbot. According to Jack O’Holleran, co-founder and CEO of Skale Labs, developers can
use pre-trained AI models inside of smart contracts thanks to the Skale network's integrated AI and machine learning capabilities, as reported by Cointelegraph.
“AI-driven smart contracts fire without human intervention in a very high-volume manner. This allows developers to build fast and effectively,” he said.
O'Holleran revealed that Skale's AI chatbot is set for public release shortly and mentioned that engineering development support is one of the main applications of AI