BlackRock’s Bitcoin ETF Delisted from DTCC Website as Bitcoin Surges
BlackRock’s iShares Bitcoin Trust (IBTC), a spot Bitcoin ETF, has been removed from the Depository Trust and Clearing Corporation (DTCC) website. This comes as Bitcoin rallied to $35,000 and traders speculated on regulatory approval for such products. The DTCC, which is the clearing agency for the NASDAQ, typically lists exchange-traded products or ETFs on its website when they are issued. The reasons for IBTC’s early listing and subsequent removal from the DTCC catalog are unclear. However, analysts believe that the initial addition was a sign of upcoming approval but came ahead of schedule.
Bitcoin Price Soars Following DTCC Listing
Bitcoin prices surged after the DTCC listed BlackRock’s spot Bitcoin ETF. The cryptocurrency reached nearly $36,000 before retracing below $34,000. This price increase set a three-month high for Bitcoin.
Hot Take: Bitcoin ETF Listing Sparks Speculation
The delisting of BlackRock’s spot Bitcoin ETF from the DTCC website has sparked speculation among traders and investors. While the reasons for its removal remain unclear, many see this as a positive indication that regulatory approval for Bitcoin ETFs may be imminent. The initial listing on the DTCC website caused a surge in Bitcoin prices, reaching a three-month high. The market is eagerly awaiting further developments regarding the approval of Bitcoin ETFs, as it could have significant implications for institutional adoption of cryptocurrencies.
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