Cointime

Download App
iOS & Android

BlackRock

ALL From BlackRock

DTCC: BlackRock Bitcoin ETF’s appearance on the list does not represent any regulatory outcome

In August 2023, the Bitcoin Trust ETF of BlackRock (BLK.N) was added to the eligibility document by the Depository Trust & Clearing Corporation (DTCC) Table IV. Being on the list does not indicate any indication of unresolved regulatory or other approval results. Adding securities to the NSCC securities eligibility document is a standard practice for launching new ETFs to the market.

BlackRock’s Spot Bitcoin ETF Relists on DTCC

According to official website data, the iShares Spot Bitcoin ETF (IBTC) of BlackRock has been relisted on the DTCC (Deposit Trust and Clearing Corporation) website. Earlier, IBTC was removed from the website and DTCC experienced a brief outage. This was reported by Jinse Finance.

“DTCC website has relisted BlackRock IBTC” rumor

Regarding rumors that "DTCC website has relisted BlackRock iShares Bitcoin Trust (IBTC)", after verification, this news is false, and the rumor-monger used screenshots from a few days ago.

The DTCC website is currently down and cannot be accessed.

DTCC website is currently down and cannot be accessed. Earlier reports indicated that the BlackRock iShares Bitcoin Trust (IBTC) had been removed from the DTCC page. Bloomberg ETF analyst James Seyffart speculated that BlackRock may have received a notice from the SEC.

Bitcoin Falls Over 3% as BlackRock's IBTC Ticker Removed from DTCC Website

Bitcoin's value dropped over 3% from its position near $35,000 after the removal of BlackRock's spot bitcoin ETF ticker, IBTC, from the DTCC website. The ticker's appearance had led to speculation about the approval of a spot bitcoin ETF, which contributed to Bitcoin's rise from $30,000 to over $35,000. Institutional investors have shown increasing interest in bitcoin futures, with open interest reaching a record high of $3.4 billion on Monday, according to data from the CME.

BlackRock Says in Amendment It Wants to Prepare Seed Capital for Its Bitcoin Spot ETF in October

On October 24th, American financial lawyer Scott Johnsson stated on his social media platform that, through studying BlackRock's submitted S-1 amendment, he discovered that BlackRock has obtained a CUSIP (Committee on Uniform Securities Identification Procedures) Number for the preparation of a Bitcoin spot ETF, with the Chinese name: US Securities Cusip Number/Securities Uniform Identification Code. In addition, BlackRock stated in the document that they hope to prepare seed capital for the Bitcoin spot ETF in October. The lawyer stated that this is earlier than he imagined, but it may mean nothing. Note: Whenever an ETF is launched, the issuing company must purchase the underlying assets to meet future demand for the product.

BlackRock CEO Says Clients Need Crypto Amid Rumors of Spot Bitcoin ETF Approval

BlackRock CEO Larry Fink has stated that there is a growing demand for cryptocurrency among the company's clients. Fink made the comments in an interview on Fox Business, shortly after rumours circulated that the US Securities and Exchange Commission had approved BlackRock's iShares spot Bitcoin ETF.

BlackRock CEO Larry Fink: Bitcoin and Crypto Will Serve as Safe-Haven Assets in Times of Crisis

According to BlackRock CEO Larry Fink, Bitcoin and other cryptocurrencies are now mature enough to serve as safe-haven assets during times of geopolitical turmoil. Fink believes that the recent rally in Bitcoin is a sign of pent-up interest in crypto and a flight to quality among investors. While bad news stories dominate the headlines, Fink reminds us of the world-changing potential of artificial intelligence and technology, which could create more jobs and factories in the US. Despite erroneous reports of SEC approval, Bitcoin is currently trading at $28,448.

BlackRock CEO Larry Fink Sees Crypto Rally As “Flight to Quality” Amid Geopolitical Instability

BlackRock CEO Larry Fink believes that the recent crypto rally is not based on false speculation, but rather a "flight to quality" due to real economic factors and geopolitical crises. Fink drew parallels between cryptocurrencies and traditional havens such as US Treasuries and gold, which are known for their stability during periods of instability. Fink has also expressed optimism about asset tokenization, stating that it could revolutionize finance. Recently, BlackRock minted tokenized fund shares on JPMorgan's new platform.

BlackRock: Bitcoin spot ETF application still under SEC review

On October 16th, according to Bloomberg Terminal information, BlackRock stated that its Bitcoin spot ETF application is still under review by the SEC.