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The fact that IBTC was added to the DTCC Clearing House site on Monday had been a major factor driving up Bitcoin's price.
Bitcoin (BTC) quickly fell by more than 3% from its perch near $35,000 late Tuesday morning after the ticker for BlackRock's (BLK) spot bitcoin ETF – IBTC – was removed from the Depository Trust & Clearing Corporation's (DTCC) website.
The fact that DTCC's ticker showed up yesterday rightly or wrongly triggered investor speculation on the possible approval of a spot bitcoin exchange-traded fund, which in turn generated BTC's sharp increase from $30,000 to more than $35,000.
According to data from the CME Chicago, on Monday there was a record high of $3.4 billion registered for bitcoin futures' open interest, implying that investors are becoming increasingly interested in this asset.
At last check, the price of bitcoin was at $33,600, up more than eight percent over the previous 24 hours.
Bitcoin (BTC) quickly fell by more than 3% from its perch near $35,000 late Tuesday morning after the ticker for BlackRock's (BLK) spot bitcoin ETF – IBTC – was removed from the Depository Trust & Clearing Corporation's (DTCC) website.
The fact that DTCC's ticker showed up yesterday rightly or wrongly triggered investor speculation on the possible approval of a spot bitcoin exchange-traded fund, which in turn generated BTC's sharp increase from $30,000 to more than $35,000.
According to data from the CME Chicago, on Monday there was a record high of $3.4 billion registered for bitcoin futures' open interest, implying that investors are becoming increasingly interested in this asset.
At last check, the price of bitcoin was at $33,600, up more than eight percent over the previous 24 hours.