{"id":180683,"date":"2023-10-25T14:47:45","date_gmt":"2023-10-25T09:17:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180683"},"modified":"2023-10-25T14:47:45","modified_gmt":"2023-10-25T09:17:45","slug":"blackrocks-spot-bitcoin-etf-another-rumor-gets-dispelled-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrocks-spot-bitcoin-etf-another-rumor-gets-dispelled-crypto-news\/","title":{"rendered":"BlackRock&#8217;s spot Bitcoin ETF: Another rumor gets dispelled &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><em>Rumors surrounding BlackRock\u2019s BTC ETF have gained traction of late.<\/em><\/li>\n<li><em>However, DTCC clarified that it had added the ETF in August itself as \u201cstandard practice.\u201d\u00a0<\/em><\/li>\n<\/ul>\n<p>The investment management giant BlackRock became a victim of another misleading speculation.<\/p>\n<p>Traders recently became very enthusiastic when they noticed that the Depository Trust &amp; Clearing Corporation (DTCC) had listed BlackRock\u2019s iShares spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/bitcoin\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> exchange-traded fund (ETF) on its website.<\/p>\n<p>Eric Balchunas, ETF analyst at Bloomberg, also shared the news on X (formerly Twitter). The Bitcoin ETF\u2019s ticker will be IBTC, he said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust &amp; Clearing Corporation, which clears NASDAQ trades). And the ticker will be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$IBTC<\/a>. Again all part of the process of bringing ETF to market.. h\/t <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/martypartymusic?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">@martypartymusic<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/8PQP3h2yW0\" data-wpel-link=\"external\">pic.twitter.com\/8PQP3h2yW0<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1716529570759704832?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">October 23, 2023<\/a><\/p>\n<\/blockquote>\n<p>It led to speculations in the crypto market that the US Securities and Exchange Commission (SEC) was soon going to approve BlackRock\u2019s offering.<\/p>\n<h4>Reuters dispels rumor<\/h4>\n<p>But it turns out the ETF had been on the DTCC website since August, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/blackrocks-bitcoin-etf-added-dtcc-file-aug-dtcc-spokesperson-2023-10-24\/\" data-wpel-link=\"external\">per<\/a> a recent Reuters report.<\/p>\n<p>The report stated the Bitcoin ETF was added to a clearing-house eligibility file of DTCC in August itself. DTCC had added it as a \u201cstandard practice\u201d for potential ETFs.<\/p>\n<p>The reported cited a DTCC spokesperson\u2019s comment on the matter, saying,<\/p>\n<blockquote>\n<p>\u201cAppearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes.\u201d<\/p>\n<\/blockquote>\n<p>Getting a ticker symbol and a unique ID code known as a CUSIP is a standard part of the prep work for any proposed ETF. It doesn\u2019t mean the offering has been approved for trading.<\/p>\n<h4>Not the first misleading speculation this month<\/h4>\n<p>This is the second time in October that misleading speculations around BlackRock\u2019s Bitcoin ETF gained significant traction.<\/p>\n<p>A leading crypto-focused news publication <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/arks-cathie-wood-expects-multiple-bitcoin-etfs-to-be-approved-at-once\/\" data-wpel-link=\"internal\">posted<\/a> an erroneous tweet on 16 October that the SEC had approved iShares spot Bitcoin ETF. The publication\u00a0apologized\u00a0for the mistake later.<\/p>\n<p>Both of these speculations led to market frenzy that soon died down when the dust got settled.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rumors surrounding BlackRock\u2019s BTC ETF have gained traction of late. However, DTCC clarified that it had added the ETF in August itself as \u201cstandard practice.\u201d\u00a0 The investment management giant BlackRock became a victim of another misleading speculation. Traders recently became very enthusiastic when they noticed that the Depository Trust &amp; Clearing Corporation (DTCC) had listed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180684,"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-180683","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\/180683","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=180683"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180683\/revisions"}],"predecessor-version":[{"id":180686,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180683\/revisions\/180686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180684"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}