BlackRock iShares Bitcoin ETF Makes Comeback On DTCC Website Amid SEC Intervention Buzz
Portfolio Pulse from Benzinga Neuro
BlackRock Inc.'s proposed iShares Bitcoin ETF, known as IBTC, reappeared on the Depository Trust and Clearing Corporation (DTCC) website after a brief disappearance. The initial listing of the ETF on the DTCC site led to a surge in Bitcoin's value, exceeding $35,000 before stabilizing around $33,000. The ETF's sudden withdrawal and subsequent reappearance stirred the market, with its initial presence linked to Bitcoin's brief surge and its disappearance leading to a 3% drop in Bitcoin's value.
October 25, 2023 | 3:10 am
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NEUTRAL IMPACT
BlackRock's proposed iShares Bitcoin ETF, known as IBTC, reappeared on the DTCC website, stirring the market. The ETF's initial presence and subsequent disappearance had a significant impact on Bitcoin's value.
The reappearance of BlackRock's proposed iShares Bitcoin ETF on the DTCC website has stirred the market. The ETF's initial presence was linked to a surge in Bitcoin's value, while its disappearance led to a drop in Bitcoin's value. This suggests that the ETF could have a significant impact on Bitcoin's value, and therefore on BlackRock's performance, given its involvement in the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The reappearance of BlackRock's proposed iShares Bitcoin ETF on the DTCC website led to a surge in Bitcoin's value, exceeding $35,000 before stabilizing around $33,000. The ETF's disappearance led to a 3% drop in Bitcoin's value.
The reappearance of BlackRock's proposed iShares Bitcoin ETF on the DTCC website has had a significant impact on Bitcoin's value. The ETF's initial presence was linked to a surge in Bitcoin's value, while its disappearance led to a drop in Bitcoin's value. This suggests that the ETF could have a significant impact on Bitcoin's value in the future.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100