The ticker for BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours.

The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of a potential soon-to-come spot ETF approval.

When the ticker quietly disappeared from the site a few hours later, Bitcoin‘s price slumped nearly 3%, indicating that much of the trading activity seems to be hinged on watching ETF-related developments.

Senior Bloomberg ETF analyst Eric Balchunas pointed out the drama around the IBTC listing seemed to be responsible for briefly crashing the DTCC website.

Looks like the DTCC website has crashed pic.twitter.com/UyrrfAl2Eu

— Eric Balchunas (@EricBalchunas) October 24, 2023

The DTCC doesn’t typically witness this level of attention, Balchunas explained — which “speaks to the uniqueness and intensity of this entire saga.”

Related: BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

Upon IBTC’s re-listing, one X (Twitter) user highl

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Author: Tom Mitchelhill

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