The BlackRock spot Bitcoin exchange-traded fund (ETF), IBTC, briefly disappeared from the Depository Trust and Clearing Corporation’s (DTCC) website, causing a surge in Bitcoin’s price. The sudden reappearance of IBTC on the website led to speculation about a potential spot ETF approval, resulting in frenzied market activity. However, when the ticker disappeared again, Bitcoin’s price dropped by nearly 3%, indicating that much of the trading activity is influenced by ETF-related developments. The drama surrounding the IBTC listing even caused the DTCC website to crash temporarily. The change in the listing from “Y” to “N” under the “create/redeem” column suggests that BlackRock is preparing for a potential launch of the ETF once they receive SEC approval. However, the DTCC clarified that appearing on the list does not indicate any outcome for regulatory or approval processes. Despite these developments, Bitcoin has remained steady and has seen a 0.15% increase in the last hour. Overall, the market is closely watching the progress of the BlackRock spot Bitcoin ETF and its potential impact on Bitcoin’s price.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Joe Light, Eric Balchunas, James Seyffart |
| Companies | BlackRock, iShares Bitcoin Trust (IBTC), Depository Trust and Clearing Corporation (DTCC), Nasdaq, CoinMarketCap |
| Currencies | Bitcoin |
| Securities | None |
