New false joy: BlackRock’s Bitcoin ETF index withdrawn!


Not yet. Barely more than a week after the fake news on approval of BlackRock’s Bitcoin spot ETFhere’s another false start dawned on October 24, 2023. Indeed, very early this morning, the appearance of an IBTC index (for this same famous BlackRock ETF) on the Depository Trust & Clearing Corporation (DTCC) made the crypto sphere explode with joy, as well as BTC pricewhich briefly affected the $35,000.

It turns out, however, that it is also there, like a week ago, an error of too much anticipation. Indeed, as does to remark journalist Joe Light on X (Twitter), the mention of this IBTC index for BlackRock’s BTC spot ETF has simply disappeared. The clue was certainly took of by the DTCC, following the great hubbub that this premature listing generated in the small crypto world, and even beyond.

The IBTC index for BlackRock's Bitcoin spot ETF has been removed from DTCC.
X account (Twitter) @joelight

As explained recently Larry Finkthe boss of BlackRock, there is in these errors of anticipation (and especially in their reactions) a “pent-up interest in cryptocurrency” who expresses himself. As this large asset manager also said, there is obviously “a global need and desire for a Bitcoin spot ETF”.

Updated October 25 : But while France is barely waking up, it seems that yet another twist is coming to the fore. Indeed, we learned last night that the IBTC index was back on the Depository Trust & Clearing Corporation (DTCC). Stay tuned, we will provide an update very soon in the morning.

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