Bitcoin Falls Over 3% as BlackRock's IBTC Ticker Removed from DTCC Website
Bitcoin's value dropped over 3% from its position near $35,000 after the removal of BlackRock's spot bitcoin ETF ticker, IBTC, from the DTCC website. The ticker's appearance had led to speculation about the approval of a spot bitcoin ETF, which contributed to Bitcoin's rise from $30,000 to over $35,000. Institutional investors have shown increasing interest in bitcoin futures, with open interest reaching a record high of $3.4 billion on Monday, according to data from the CME.
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