The post BlackRock’s Bitcoin Trust disappears from the DTCC list! appeared first on Coinpedia Fintech News

BlackRock’s iShares Bitcoin Trust (IBTC), which was widely anticipated as the next big thing in crypto investing, has disappeared from a list maintained by the Depository Trust and Clearing Corporation (DTCC). Nasdaq uses this list for post-trade clearance, settlement, custody, and information services. On Monday, IBTC’s appearance on the list caused a rally that raised the price of Bitcoin to $35,000, its highest level since May 2022. However, after the news of the ETF’s disappearance, Bitcoin’s price dipped, and it traded at $33,679 at 12:03 p.m. ET, according to CoinGecko. Despite the Securities and Exchange Commission’s lack of approval of a spot Bitcoin ETF, BlackRock has yet to comment on its ETF’s disappearance from the DTCC list.