Bitcoin ETF

Bitcoin

BlackRock’s iShares Bitcoin Trust, a spot bitcoin ETF that had stirred anticipation across markets, has vanished from the <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" rel="nofollow noopener" target="_blank">list</a> maintained by the Depository Trust and Clearing Corporation (DTCC). This unexpected removal of <a href="https://cryptobullsclub.com/blackrock-nears-launch-of-spot-bitcoin-etf-ibtc-ticker-appears-on-dtcc/">BlackRock’s spot Bitcoin ETF ticker</a> comes just a day after its appearance led to heightened expectations and a subsequent Bitcoin price surge. 
<img decoding="async" class="wp-image-23658 aligncenter" src="https://cryptobullsclub.com/wp-content/uploads/2023/10/Bitcoin-ETF-ticker-vanishes.png" alt="BlackRock Bitcoin ETF ticker vanishes" width="477" height="285"> 
Key Points: 
<ol> 
 <li><a href="https://cryptobullsclub.com/blackrocks-bitcoin-spot-etf-promising-ark-invest/">BlackRock’s spot bitcoin ETF</a>, which was previously listed under the ticker IBTC, no longer features on the DTCC’s list. The initial listing had kindled market optimism, triggering a Bitcoin rally to $35,000, its highest value since May 2022.</li> 
 <li>Following the removal news, Bitcoin’s price experienced a dip, standing at $33,679 as of 12:03 p.m. ET, representing a decline from its recent rally.</li> 
 <li>Both the DTCC and BlackRock remained tight-lipped about the development. While the DTCC has not responded to inquiries, BlackRock chose to decline to comment. Notably, the Securities and Exchange Commission (SEC) has not yet approved any <a href="https://cryptobullsclub.com/bitcoin-etf/">spot bitcoin ETFs.</a></li> 
</ol> 
The initial listing of BlackRock’s ETF on the DTCC’s platform had been interpreted by many as a sign of imminent approval for a spot Bitcoin ETF. With its sudden disappearance, questions arise about potential changes to the timeline for the anticipated approval. While the odds for Bitcoin spot approval remain strong, the unfolding events underscore the unpredictability of the cryptocurrency market. 
Experts are now grappling with key questions regarding Bitcoin trading dynamics: Will traders “sell the fact” when BTC spot ETFs get the green light, or will the market only react when they commence trading? The events surrounding BlackRock’s ETF listing and delisting highlight the intricacies and uncertainties in the rapidly evolving crypto space.

BlackRock’s Bitcoin ETF Mysteriously Vanishes from DTCC List, Bitcoin Price Reacts

Cryptobullsclub

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