December 23, 2024

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BlackRock’s iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC site

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BlackRock's iShares Bitcoin ETF mysteriously disappears — then reappears — on DTCC site

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.”

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.

Bitcoin’s price held firm following IBTC’s reappearance — up 0.15% in the last hour. Source: CoinMarketCap

Bitcoin is trading at $33,940 marking a 19.1% gain over the past week. 

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