Bitcoin Futures Move Lower Over Last 15 Minutes; Traders Circulate Tweet From Barrons Reporter Saying 'iShares Bitcoin Trust IBTC is gone from DTCC's list'
Portfolio Pulse from Benzinga Newsdesk
Bitcoin futures have moved lower in the last 15 minutes. This comes after a tweet from a Barrons reporter stating that the iShares Bitcoin Trust (IBTC) has been removed from the DTCC's list.
October 24, 2023 | 3:31 pm
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NEGATIVE IMPACT
The iShares Bitcoin Trust (IBTC) has been removed from the DTCC's list, which may have contributed to the recent drop in Bitcoin futures.
The removal of IBTC from the DTCC's list could be seen as a negative signal by investors, potentially leading to a decrease in demand for Bitcoin futures. This could have contributed to the recent drop in Bitcoin futures prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100