After BlackRock's Bitcoin Spot ETF was listed on the DTCC list with the code IBTC yesterday, it was thought that it was only a matter of time before the BTC Spot ETF would receive approval from the SEC.
Following this development, the BTC price exceeded $ 34,000 and even reached the $ 35,000 limit. Today, it was noticed that IBTC was no longer seen on the DTCC list and the BTC price dropped to $ 33,700.
Depository Trust & Clearing Corporation (DTCC) offers a list of Exchange Traded Funds (ETFs). This list includes different foreign and domestic exchange-traded funds along with their trading symbols, CUSIP information, ETF security description and ETF broker code.
Cryptocurrency journalist Joe Light first noticed this change and wrote on social media:
“Wait, with today's update, is iShares Bitcoin Trust IBTC now delisted from DTCC?”
Bloomberg's ETF expert Eric Balchunas responded to Light on the subject as follows:
“Yeah, look at this… Good catch, I can't say I'm completely surprised, my guess is that BlackRock were told to wait until days, not weeks or months, or they want to wait. “As I said yesterday, it was surprising to see this on the list in the first place.”
*This is not investment advice.
