DTCC site removes BlackRock spot ETF ticker; Bitcoin falls
The price of the leading cryptocurrency fell to $33,500. This followed the removal of the proposed BlackRock spot Bitcoin-ETF — iShares Bitcoin Trust — from the list of assets DTCC.
Wait, with today’s update, now the iShares Bitcoin Trust IBTC is gone from DTCC’s list? @EricBalchunas @JSeyff https://t.co/r5vYkAXroW pic.twitter.com/fH9oy4ribx
— Joe Light (@joelight) October 24, 2023
The instrument tagged IBTC appeared on the company’s site on October 24. It was the only spot Bitcoin ETF in the DTCC list. The financial instrument remains subject to registration with the SEC.
The BlackRock iShares Bitcoin Trust has again been listed on DTCC’s website. In doing so, the letter Y in the ‘create/redeem’ column was replaced with N. Bitcoin rose to around $34,000.
Reporter Colin Wu, citing unnamed analysts, said that the Commission could have contacted BlackRock, ‘asking them to wait’.
The chart below shows a gap at the $33,500 level, followed by a modest rebound in Bitcoin’s price.
As expected, top-10 CoinGecko altcoins fell into the red zone.
Earlier, Bitcoin tested $35,000, corresponding to early May 2022 levels. The rally of the market leader significantly revived altcoins.
Some analysts, including ForkLog’s surveyed experts, allowed the price of digital gold to rise to $40,000 in the coming months.
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