BlackRock's iShares Bitcoin ETF mysteriously disappears — then reappears

The ticker for BlackRock’s spot Bitcoin (

Upon IBTC’s re-listing, one X (Twitter) user highlighted that the previous listing showed a “Y” under the “create/redeem” column while the new listing had an “N.”

One significant change in the DTCC iShares Bitcoin Trust (IBTC) listing I see here. The original listing (on the right) had a “Y” under create/redeem. This one has an “N.” What does that mean @EricBalchunas @JSeyff ? pic.twitter.com/Y89rK2TqlI

— Joe Light (@joelight) October 24, 2023

Bloomberg ETF analyst James Seyffart responded to the query saying he believes it indicates BlackRock is “getting everything ready to launch if and when they get an SEC approval.”

“The ‘N’ just means it’s not open for create redeem because it’s not live yet,” Seyffart added.

“It is standard practice for DTCC to add securities to the NSCC security eligibility file in preparation for the launch of a new ETF to the market,” a DTCC spokesperson said in a statement. “Appearing on the list is not indicative of an outcome for any outstanding regulatory or other approval processes.”

Bitcoin has held steady following IBTC’s reappearance and is up 0.15% in the last hour according to CoinMarketCap data.