BlackRock’s iShares Bitcoin Trust (IBTC), which was widely anticipated as the next big thing in crypto investing, has disappeared from a list maintained by the Depository Trust and Clearing Corporation (DTCC). Nasdaq uses this list for post-trade clearance, settlement, custody, and information services. On Monday, IBTC’s appearance on the list caused a rally that raised the price of Bitcoin to $35,000, its highest level since May 2022. However, after the news of the ETF’s disappearance, Bitcoin’s price dipped, and it traded at $33,679 at 12:03 p.m. ET, according to CoinGecko. Despite the Securities and Exchange Commission’s lack of approval of a spot Bitcoin ETF, BlackRock has yet to comment on its ETF’s disappearance from the DTCC list.
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