{"id":13780,"date":"2023-10-25T00:41:47","date_gmt":"2023-10-25T00:41:47","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=13780"},"modified":"2023-10-25T00:41:49","modified_gmt":"2023-10-25T00:41:49","slug":"blackrocks-ishares-bitcoin-etf-mysteriously-disappears-then-reappears-on-dtcc-site","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13780","title":{"rendered":"BlackRock&#8217;s iShares Bitcoin ETF mysteriously disappears \u2014 then reappears \u2014 on DTCC site"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>The ticker for BlackRock&#8217;s spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation\u2019s (DTCC) website after disappearing for a few hours.<\/p>\n<p>The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of a potential soon-to-come spot ETF approval.<\/p>\n<p>When the ticker quietly disappeared from the site a few hours later, Bitcoin\u2018s price slumped nearly 3%, indicating that much of the trading activity seems to be hinged on watching ETF-related developments.<\/p>\n<p><em>BlackRock\u2019s iShares IBTC ETF is back on the DTCC&#8217;s site. Source: DTCC<\/em><\/p>\n<p>Senior Bloomberg ETF analyst Eric Balchunas pointed out the drama around the IBTC listing seemed to be responsible for briefly crashing the DTCC website.<\/p>\n<p lang=\"en\" dir=\"ltr\">Looks like the DTCC website has crashed pic.twitter.com\/UyrrfAl2Eu<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) October 24, 2023<\/p>\n<p>The DTCC doesn\u2019t typically witness this level of attention, Balchunas explained \u2014 which \u201cspeaks to the uniqueness and intensity of this entire saga.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>BlackRock\u2019s spot Bitcoin ETF now listed on Nasdaq trade clearing firm \u2014 Bloomberg analyst<\/em><\/strong><\/p>\n<p>Upon IBTC\u2019s re-listing, one X (Twitter) user highlighted that the previous listing showed a \u201cY\u201d under the \u201ccreate\/redeem\u201d column while the new listing had an \u201cN.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">One significant change in the DTCC iShares Bitcoin Trust (IBTC) listing I see here. The original listing (on the right) had a &#8220;Y&#8221; under create\/redeem. This one has an &#8220;N.&#8221; What does that mean @EricBalchunas @JSeyff ? pic.twitter.com\/Y89rK2TqlI<\/p>\n<p>\u2014 Joe Light (@joelight) October 24, 2023<\/p>\n<p>Bloomberg ETF analyst James Seyffart responded to the query saying he believes it indicates BlackRock is \u201cgetting everything ready to launch if and when they get an SEC approval.\u201d<\/p>\n<p>\u201cThe \u2018N\u2019 just means it\u2019s not open for create redeem because it\u2019s not live yet,\u201d Seyffart added. <\/p>\n<p>\u201cIt is standard practice for DTCC to add securities to the NSCC security eligibility file in preparation for the launch of a new ETF to the market,\u201d a DTCC spokesperson said in a statement. \u201cAppearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes.&#8221;<\/p>\n<p>Bitcoin has held steady following IBTC\u2019s reappearance and is up 0.15% in the last hour according to CoinMarketCap data.<\/p>\n<p><em>Bitcoin\u2019s price held firm following IBTC\u2019s reappearance \u2014 up 0.15% in the last hour. Source: CoinMarketCap<\/em><\/p>\n<p>Bitcoin is trading at $33,940 marking a 19.1% gain over the past week.\u00a0<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Blockchain detectives \u2014 Mt. Gox collapse saw birth of Chainalysis<\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/blackrock-bitcoin-etf-ibtc-relisted-dtcc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ticker for BlackRock&#8217;s spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation\u2019s (DTCC) website after disappearing for a few hours. The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-13780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13780"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13780\/revisions"}],"predecessor-version":[{"id":13782,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13780\/revisions\/13782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13781"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}