Why Was Everyone So Excited About BlackRock's Bitcoin ETF on DTCC's Website? 🤩

BlackRock's Bitcoin ETF, #IBTC , briefly disappeared from the DTCC's website, causing Bitcoin's price to surge to new yearly highs.

Its reappearance led to a 3% price drop when it #vanished again, highlighting the significance of ETF-related developments.

The drama even temporarily crashed the DTCC website. The change from "Y" to "N" in the "create/redeem" column suggests BlackRock is preparing for an #SEC approval to launch the ETF.

The DTCC clarified that listing doesn't indicate an outcome for regulatory processes. Bitcoin currently trades at $33,912, with a 19.1% gain over the past week.

#Binance

#crypto2023