“BlackRock’s bitcoin ETF mysteriously vanishes from the DTCC list, triggering speculations and raising questions about the future of cryptocurrency in traditional investment strategies.”
BlackRock’s highly anticipated spot bitcoin ETF, the iShares Bitcoin Trust, has been removed from the list maintained by the Depository Trust and Clearing Corporation (DTCC). The DTCC provides post-trade clearance, settlement, custody, and information services.
The appearance of the fund on the list with the ticker IBTC on Monday was widely noticed by the market and led to a rally in the price of Bitcoin, which reached $35,000, the highest level since May 2022.
However, Bitcoin’s price dipped after the news broke that the fund was no longer on the list. At 12:03 p.m. ET, Bitcoin was trading at $33,679, according to CoinGecko.
Neither the DTCC nor BlackRock has provided comments on the situation.
It’s worth noting that the Securities and Exchange Commission (SEC) has yet to approve a spot bitcoin ETF.
This article is for informational purposes only and should not be considered legal, tax, investment, financial, or other advice.
