BlackRock bitcoin ETF no longer listed on DTCC’s website
BlackRock’s IBTC listing was publicly viewable on Monday
Zhane Luk/Shutterstock modified by Blockworks
After disappearing early Tuesday, BlackRock’s IBTC is back on the DTCC website.
BlackRock’s proposed bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation website.
The iShares Bitcoin Trust had previously been the first potential ETF to list on the site.
Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”
“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.
The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF. Bitcoin’s (BTC) price briefly topped $35,000, and as of press time is trading around $33,500.
Read more: BlackRock takes apparent new step in bitcoin ETF prep
Yet that hoped-for approval may not be as close as some previously thought, given the removal from DTCC’s website.
BlackRock declined to comment when reached, saying that it’s still within the regulatory agency’s “ filing restriction period.”
A spokesperson for the US Securities and Exchange Commission declined to comment.
“I’m guessing the SEC made a call to BlackRock,” Bloomberg analyst James Seyffart said in a post on X.
“Not totally shocked my guess is they were told to or want to wait until they are days not weeks or months away. As I said [yesterday] it was surprising to see it on there,” Balchunas posted.
“It wasn’t just the DTCC list it was having a ticker ready and the Oct seeding that gave off a a pre-launch crossing t’s and dotting i’s vibe,” Balchunas said in another post.
Outside of the race for the spot bitcoin ETFs, Monday also saw the DC Circuit Court of Appeals finalize its ruling around Grayscale’s application to convert GBTC to an ETF.
Updated Tuesday, Oct. 24 at 6:25 pm ET: Added that BlackRock’s IBTC is back on DTCC’s website.
Updated Oct. 24, 2023 at 2:01 pm ET: Added that an SEC spokesperson declined to comment.
Updated Oct. 24, 2023 at 12:03 pm ET: Added comments from Eric Balchunas.
Get the news in your inbox. Explore Blockworks newsletters:
- Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
- Empire: Start your morning with the top news and analysis to inform your day in crypto.
- Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
- 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
- Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
- The Drop: For crypto collectors and traders, covering apps, games, memes and more.
- Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
