Intense speculation surrounds the potential approval of BlackRock\u2019s Bitcoin Exchange Traded Fund (ETF) as the crypto market navigates through a roller-coaster ride of sudden price movements. The volatility implies a market on edge, eagerly anticipating a decision by the U.S. Securities and Exchange Commission (SEC).<\/p>\n
Bitcoin (BTC<\/a>) briefly topped $35,000 on Tuesday in the wake of the appearance of BlackRock\u2019s iShares Bitcoin Trust (IBTC) ticker on the Depository Trust & Clearing Corporation\u2019s (DTCC) website. This may have been compounded<\/a> by\u00a0the fact that yesterday, BlackRock submitted new filings<\/a> suggesting the possibility of seeding a spot Bitcoin ETF as early as October.<\/p>\n However, the optimism was short-lived as BTC\u2019s value plummeted by over 3% from its peak near $35,000 after the IBTC ticker was scrubbed from the DTCC site. It regained steam shortly after, however, and was trading at $34,013 at press time.<\/p>\n The sudden and erratic price movements at each small development may signal a market on the edge as it eagerly anticipates\u00a0 SEC approval. This speculation is bolstered by data from the Chicago Mercantile Exchange (CME) that show a new high of $3.4 billion in open interest<\/a> for Bitcoin futures on Monday, indicative of growing institutional interest in the digital asset.<\/p>\n However, the SEC is yet to issue a response to the developments, and BlackRock has declined to comment as well. This leaves the industry in suspense, guessing the SEC\u2019s next move.<\/p>\n The post Bitcoin retracts and rebounds after BlackRock\u2019s new ETF ticker removed from DTCC website<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Intense speculation surrounds the potential approval of BlackRock\u2019s Bitcoin Exchange Traded Fund (ETF) as the crypto market navigates through a roller-coaster ride of sudden price movements. The volatility implies a market on edge, eagerly anticipating a decision by the U.S. Securities and Exchange Commission (SEC). Bitcoin (BTC) briefly topped $35,000 on Tuesday in the wake […]<\/p>\n","protected":false},"author":2,"featured_media":180293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180292"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180292\/revisions"}],"predecessor-version":[{"id":180295,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180292\/revisions\/180295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180293"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}