Bitcoin ETF

Bitcoin

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BlackRock’s spot Bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation (DTCC) website, as Bitcoin rallied to $35,000 and traders speculated on an imminent regulatory nod for such products. 
The iShares Bitcoin Trust under the ticker IBTC was <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" target="_blank" rel="noopener">delisted</a> from the DTCC’s official platform following its surprise listing on Oct. 24. DTCC is the clearing agency for the NASDAQ and appearing on its website is procedural when issuing an exchange-traded product or ETF.&nbsp; 
The reasons for IBTC’s early listing and swift removal from the DTCCs catalog are largely unclear at this time. ETF analysts noted that the initial addition, while an indicator of upcoming approval, was rather ahead of schedule. 
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 Oh yeah look at that.. good catch, not totally shocked my guess is they were told to or want to wait until they are days not weeks or months away. As I said yest it was surprising to see it on there— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1716833119364669924?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 24, 2023</a>
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Bitcoin (BTC) prices skyrocketed on Oct. 24 hours after the DTCC first <a href="https://crypto.news/blackrock-spot-bitcoin-etf-added-to-nasdaqs-clearing-agency/">listed</a> BlackRock’s spot Bitcoin ETF. The pump carried BTC prices to nearly $36,000 before retracing below $34,000 when this report was written.&nbsp; 
Per TradingView data, the move above $30,000 set a 3-month high for the cryptocurrency by market cap.&nbsp; 
 You might also like: <a href="https://crypto.news/bitcoin-price-rise-in-october-2023-factors-and-forecasts/"> Bitcoin price surges as ETF anticipation grows: analysis and forecasts </a> 
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As traders and BTC proponents bet on an imminent regulatory nod from the U.S. Securities and Exchange Commission (SEC), lawyers <a href="https://crypto.news/lawyer-suggests-bitcoin-etf-approval-expected-by-end-of-the-year/">surmised</a> that approvals for spot Bitcoin ETF could arrive before 2023 closes. 
The U.S. Court of Appeals for the D.C. Circuit also formalized its ruling in the Grayscale case, mounting additional pressure on Gary Gensler’s SEC to review Grayscale Bitcoin Trust’s conversion to a Bitcoin ETF in a move that could part the floodgates of approvals or usher further delays for issuers. 
Grayscale <a href="https://crypto.news/grayscale-makes-new-attempt-for-spot-bitcoin-etf-approval/">submitted</a> a new request for a spot Bitcoin ETF while awaiting a decision from America’s Securities Commission. 
 Read more: <a href="https://crypto.news/blackrock-etf-could-push-btc-valuation-11x-scaramucci-says/"> BlackRock ETF could push BTC valuation 11x, Scaramucci says </a>

iShares Bitcoin ETF absent from DTCC website after initial listing

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