The rally in bitcoin’s price this week has been partially attributed to growing optimism around a possible SEC approval of a spot bitcoin exchange-traded fund (ETF) in the US.
However, hopes of an imminent launch were dampened Tuesday after BlackRock’s proposed bitcoin ETF was abruptly delisted from the Depository Trust & Clearing Corporation’s (DTCC) website.
Keypoints
- BlackRock’s proposed bitcoin ETF, iShares Bitcoin Trust, was previously listed on the DTCC website but is no longer there as of Tuesday.
- The listing had generated excitement since it suggested launch was imminent, with BlackRock taking steps like obtaining a ticker symbol and CUSIP code.
- Analysts now say BlackRock was likely told by the SEC to remove the listing, signaling approval may not be as close as it initially appeared.
- The developments come amid a bitcoin price rally attributed in part to optimism around SEC approval of a spot bitcoin…
