Bitcoin ETF Vanishes From DTCC Site, BTC Price Dips: Market Reacts To BlackRock's Anticipated Fund Disappearance

Bitcoin's BTC/USD recent surge past the $35,000 mark was short-lived, with a sudden 3% drop after BlackRock's BLK much-anticipated Bitcoin ETF disappeared from the DTCC website and the Bloomberg terminal.

The ticker for BlackRock's ETF, IBTC, which was poised to be a significant player in the market, was unexpectedly removed from the site of the Depository Trust & Clearing Corporation.

The unexpected removal of BlackRock's ETF comes just ahead of Benzinga's Future of Digital Assets conference on Nov. 14. This event is expected to further discuss on the implications of such developments on the future of digital currencies.

BlackRock responded to Benzinga's request for comment, stating that due to filing restrictions, it was unable to comment at this time.

Bitcoin's value had been buoyed by hopes of a U.S. spot Bitcoin ETF receiving a regulatory nod.

Also Read: Bitcoin Bull Run Incoming? Analyst Advises: Keep An Eye On Potential Upside Wicks

Some keen observers have pointed out recent changes to the Registration Statement for the iShares Bitcoin Trust, submitted on Oct. 18.

This indicates that BlackRock might be preparing for its future Bitcoin ETF by potentially buying Bitcoin.

In another related development, the SEC has been tasked to reconsider Grayscale’s application for a Bitcoin ETF. This follows a directive from the U.S. Court of Appeals for the D.C. Circuit dated Oct. 23, 2023, putting the commission in a pivotal position.

Meanwhile, data from the Chicago Mercantile Exchange (CME) underscores growing institutional interest in Bitcoin. On Monday, open interest in Bitcoin futures surged to a record $3.4 billion, indicating heightened institutional activity.

Read Next: North America Leads In Crypto $1M+ Transactions As Stablecoins Dominate: Report

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