BlackRock Bitcoin ETF Symbol Confusion, DTCC: IBTC Symbol Already Listed in August
On the evening of October 24th, the registration code ETF iShares Bitcoin Trust IBTC, originally listed by the U.S. Depository Trust & Clearing Corporation (DTCC) for the BlackRock Bitcoin spot ETF, was found to have been deleted. This caused a brief drop in BTC prices, but it seems to be just a sideshow in the midst of excessive attention in the cryptocurrency space.
BlackRock BTC ETF code delisted? Experts say if you're bearish, you're missing out
Table of Contents
DTCC Code Confusion
Timeline of Events:
Bloomberg reporter Joe Light: IBTC code deleted by DTCC
DTCC website inaccessible
DTCC website back online: IBTC code still missing
- Bitcoin briefly drops in value
The crypto community and industry professionals have been closely following this issue, as it has the potential to influence coin prices. Reuters has even reached out to DTCC for clarification.
DTCC: IBTC Code Listed in August
According to Reuters, DTCC clarified several points:
Qualification documents cover both existing and potential ETFs
IBTC was already included in the clearinghouse qualification documents in August
Inclusion of the code in the qualification document does not imply regulatory approval
BlackRock has not responded to this, and the U.S. Securities and Exchange Commission (SEC) declined to comment.
According to DTCC's official website, IBTC has recently reappeared on the list.
