Bitcoin has fallen $1000 in the past few minutes, wiping out a portion of today's huge gains. The reason appears to be that the ticker IBTC appears to have disappeared from a list of ETFs on the DTCC website.
When Blackrock's bitcoin spot ETF first appeared on the site yesterday, it was seen as a sign that the approval of a spot bitcoin ETF was imminent.
It's no longer there.
I wouldn't say that changes the odds of a bitcoin spot approval -- it's a slam dunk -- but it might change the timeline. There is obviously a huge front-run ongoing for the spot ETF approval.
As far as I'm concerned there's only one question regarding bitcoin trading. Do you 'sell the fact' when the BTC spot ETFs are finally approved, or when they first start trading?
