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Bitcoin ETF running too fast? BlackRock iShares pre-registration code removed from DTCC

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Bitcoin ETF running too fast? BlackRock iShares pre-registration code removed from DTCC

The highly anticipated Bitcoin spot ETF iShares Bitcoin Trust IBTC from the asset management giant BlackRock was found to be removed from the US Depository Trust & Clearing Corporation (DTCC). Bloomberg ETF analyst James Seyffart jokingly tweeted, "I guess SEC gave BlackRock a call." As of the time of writing, the DTCC website remains inaccessible, awaiting confirmation. Update: The website is back up on the morning of 10/25, and the IBTC ticker still exists.

BlackRock's Preparatory Work May Draw Warning

VanEck, another ETF institution, advisor Gabor Gurbacs stated that for issuers, some things can obviously be done in advance but maybe should not. And indeed, some calls can be hard to refuse. In such cases, it is prudent to verify with regulators in advance.

Gabor Gurbacs previously mentioned that people can pre-purchase stock codes/ISIN/CUSIP codes and register with DTCC. Typically, issuers register codes with service providers as early as possible, but as close to the expected release date as possible. Although registration can be done in advance, it is usually done the day before the actual release date.

DTCC Website Unavailable Update: 10/25 MorningWebsite is back online, IBTC remains

Currently, the DTCC website cannot be accessed normally, only screenshots circulating online are available. Further confirmation of the news is pending:

DTCC website back online, BlackRock code removed at 1 am on 10/25