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 and Clearing Corporation (DTCC) website after a brief vanishing act, according to Blockworks.
What Happened: The IBTC ETF initially emerged on the DTCC site on Monday, triggering a Bitcoin surge. Bitcoin’s value momentarily exceeded $35,000 before stabilizing around $33,000. Crypto enthusiasts, always on the lookout for news related to spot bitcoin ETFs, were the first to notice the listing, reported Blockworks.
Bloomberg analyst Eric Balchunas observed that BlackRock’s listing was noteworthy as it was the first to be listed on the DTCC, leading “the charge on these logistics (seeder, ticker, dtcc).”
Post-deletion, Bloomberg analyst James Seyffart hypothesized that the U.S. Securities and Exchange Commission may have reached out to BlackRock. However, neither the SEC nor BlackRock gave any comments about the IBTC status on the DTCC website.