In a surprising turn of events, BlackRock Inc. (NYSE: BLK )’s proposed iShares Bitcoin (CRYPTO: BTC) ETF, known as IBTC, reappeared on the Depository Trust. After being delisted earlier today and the DTCC website being down, BlackRock's iShares Bitcoin trust has been re-listed on the DTCC. BlackRock's iShares Bitcoin trust has been relisted on the DTCC website, following a fall in the value of $34,000 (34,000) on its website earlier this week. However, it is. El ticker del fondo cotizado en bolsa (ETF) de Bitcoin al contado de BlackRock, IBTC, ha vuelto a aparecer en el sitio web de la Corporación de Compensación.
BlackRock iShares Bitcoin Trust (IBTC) Relisted on DTCC: What This Means
The BlackRock iShares Bitcoin Trust (IBTC) has been relisted on the Depository Trust & Clearing Corporation (DTCC) website, signaling potential progress for the highly anticipated Bitcoin ETF. After a brief period of being delisted, its return to the DTCC list has sparked renewed optimism among investors and analysts alike.
What Happened? BlackRock's iShares Bitcoin Trust on DTCC
Earlier this week, the IBTC was temporarily removed from the DTCC website, leading to some confusion and speculation. While the exact reasons for the delisting were not immediately clear, the current relisting suggests that any previous issues have been resolved. BlackRock Inc. (NYSE: BLK)'s IBTC appearing again is a significant development.
Why is the DTCC Relisting Important?
The DTCC plays a crucial role in clearing and settling trades in the U.S. financial markets. The listing of the iShares Bitcoin Trust on the DTCC indicates that it is moving closer to being ready for trading, subject to regulatory approval. The initial DTCC website issues led to concern that the price of the ETF had fallen to $34,000. However, the relisting now indicates positive movement.
What’s Next for the iShares Bitcoin Trust?
While the DTCC relisting is a positive step, the iShares Bitcoin Trust still requires approval from the Securities and Exchange Commission (SEC) before it can begin trading. The SEC has been carefully reviewing several Bitcoin ETF applications, and the decision on BlackRock's IBTC is eagerly awaited by the crypto community. Stay tuned for further updates on the BlackRock iShares Bitcoin Trust and its progress toward SEC approval.