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BlackRock’s Bitcoin ETF Mysteriously Disappears from DTCC’s Website

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“BlackRock’s decision to remove their bitcoin ETF from DTCC’s website signals a significant shift in the institutional perception of cryptocurrencies, raising questions about the future of digital assets in mainstream finance.”

BlackRock’s proposed bitcoin ETF, the iShares Bitcoin Trust, has reappeared on the Depository Trust and Clearing Corporation (DTCC) website after briefly disappearing earlier this week. The listing was seen as a significant development and suggested that BlackRock was taking the lead in the logistics required for the launch of a bitcoin ETF. Bloomberg analyst Eric Balchunas commented that this could indicate that approval of the ETF is imminent. However, the removal of the listing from the DTCC website has raised doubts about the expected approval. BlackRock declined to comment, citing regulatory restrictions, while the US Securities and Exchange Commission also declined to comment. It is speculated that the SEC may have made a call to BlackRock regarding the ETF. Meanwhile, the DC Circuit Court of Appeals has finalized its ruling on Grayscale’s application to convert GBTC to an ETF. The developments come amid a rally in the price of bitcoin, which briefly surpassed $35,000. Stay updated with the latest news by subscribing to our free daily newsletter.

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