DTCC’s decision to delist and then relist BlackRock’s iShares Bitcoin Trust ETF has caused significant volatility in the cryptocurrency market. The ETF was initially added to DTCC’s reference database on Monday but was unexpectedly removed just one day later. This sudden move led to a sharp drop in the value of Bitcoin, which quickly recovered after the ETF was relisted. The delisting and relisting, along with a temporary website outage, have sparked controversy and speculation about the reasons behind the decision. It is unclear whether the delisting was prompted by an SEC directive, the influence of another governing body, or an internal choice by DTCC. The company has not provided specific details but has emphasized that the presence of a product on their list does not indicate regulatory approval. The iShares Bitcoin Trust ETF was added to the watchlist in August and was awaiting approval from the SEC before it could be executed. The market reaction to the delisting and relisting highlights the impact of news events on Bitcoin’s price, with a misinformed report causing a 10% surge in value prior to the delisting. The unfolding events surrounding the ETF’s regulatory trajectory are expected to affect the broader crypto ecosystem. Despite the recent fluctuations, Bitcoin has shown resilience and is currently trading at $34,600 with a 2% gain in the last 24 hours. It is important to note the volatile nature of cryptocurrencies and conduct thorough research before making any investment decisions..
#Bitcoin #ETF #DTCCs #Delisting #BlackRocks #Bitcoin #ETF #Calculated #Move
#Bitcoin #ETF #DTCCs #Delisting #BlackRocks #Bitcoin #ETF #Calculated #Move
