So, what’s been going on since late Monday and into today? It started with the information in the image below 🤷♂️:
The image is a screenshot of instruments on the Depository Trust & Clearing Corporation (DTCC). They’re the centralized entity that takes all stock orders and makes sure they go where they need to go. They’re the big man of the middle men. A giant – handling trillions of dollars like it’s chump change.
It’s the highlighted bit that got people excited: iShares BITCOIN ETF. iShares are part of the BlackRock ($BRK) brand. And because it showed up on the DTCC, $BTC speculators and investors believe an ETF approval is just around the corner – if not complete already. 🟢
But here’s the deal: The DTCC has nothing to do with approving/listing shares and the iShare BITCOIN ETF ticker has been on the list for a while.
But neither of those things stopped the entire crypto market going batty. Until this happened:
Around 1200 EST yesterday, the iShares BITCOIN ETF was removed from that list – and the DTCC website was unavailable for a while.
But then, around 1800 EST yesterday evening, BlackRock’s iShares BITCOIN ETF came back on the DTCC:
And as of 1400 EST today, it’s still there. 👍