Home » Business » BlackRock Bitcoin ETF Removal and Market Reaction: BTC and ETH Fluctuations and Liquidations

BlackRock Bitcoin ETF Removal and Market Reaction: BTC and ETH Fluctuations and Liquidations

(Background supplement: What’s the reason for BTC’s surge this morning? Bloomberg: BlackRock Bitcoin Spot ETF may have received the SEC green light to go public)

According to DTCC (Depository Trust Company of America) todayListing updatesYesterday, BlackRock subsidiary iShares Bitcoin Trust IBTC was removed from the list and disappeared from the list, which attracted the attention of the crypto community. In response, Bloomberg ETF analyst Eric Balchuna responded:

I’m not particularly surprised by this, the staff over there should have been told to announce days before listing, not weeks or months before; like I said yesterday, I was surprised to see that in the listing This trust.

Affected by this incident, the token markets of Bitcoin and Ethereum fluctuated violently, with BTC once falling to around US$33,250 and ETH falling to around US$1,760. According to Coinglass datathe entire network’s contract liquidation amount exceeded US$47 million in the past hour, mainly in the Bitcoin contract market.

Source: Coinglass

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Tags: BlackRockBTCETHIBTCiShares Trust Bitcoin Liquidation BlackRock
2023-10-24 16:08:55
#NewsBitcoin #bull #market #stuckBlackRock #spot #ETF #removed #listing #list #BTC #ETH #fell #sharply

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