Looks like the Fidelity BTC ETF is now listed on the DTCC also as FBTC. I know there is some chance this doesn’t mean anything but it’s pretty positive that they listed it.
Seems everyday now we are having some type of etf news. I heard that the odds now are 99% that it’s approved by January 10th or so.
Should be an interesting month.
Topic: Blackrock ETF listed on the ticker index… perhaps it’s approved? (Read 433 times)
November 01, 2023, 05:07:24 AM
It is still a show off to me, and this doesn't mean it won't be approved because it's looking like a reality in coming months but I still don't want it to get approved fast because I am not done accumulating yet.
In short I even want this bear market to stay for few more months into 2024, because all my focus was after April to May of 2024, hopefully my dream comes true and for those that want their bags to pump so fast do not be in haste, a long bearish market is far more healthy on the long run.
I am now wondering what will happen between Black Rock and SEC, it do look like Black Rock can defeat SEC this time and also it's not just Black Rock only, there are many other companies filing for a ETF approval, it's looking promising so far but I hope they slow it down.
In short I even want this bear market to stay for few more months into 2024, because all my focus was after April to May of 2024, hopefully my dream comes true and for those that want their bags to pump so fast do not be in haste, a long bearish market is far more healthy on the long run.
I am now wondering what will happen between Black Rock and SEC, it do look like Black Rock can defeat SEC this time and also it's not just Black Rock only, there are many other companies filing for a ETF approval, it's looking promising so far but I hope they slow it down.
November 01, 2023, 03:40:17 AM
Looks like another bitcoin etf was just added to the DTCC, this one is BTCO and it’s for the Investco Galaxy Bitcoin ETF.
Again have no idea what this means since apparently the other one was listed since August and after this one was added a few hours back there was no pump.
So this I guess means that these don’t really mean much until an actual approval.
Again have no idea what this means since apparently the other one was listed since August and after this one was added a few hours back there was no pump.
So this I guess means that these don’t really mean much until an actual approval.
I don't believe that blackrock's IBTC has been listed since August as they claimed, if it is really listed on DCTT since August then surely someone knows about this, I don't believe what they say. Not only was BTCO just listed, but a few days after IBTC was listed, ARKInvest's ETFs were also listed.
As far as I know, the fact that these ETFs are listed on DCTT does not mean that the approval of the ETFs will definitely be successful. That just shows things are going better and approval is more likely.
October 31, 2023, 11:18:56 PM
Looks like another bitcoin etf was just added to the DTCC, this one is BTCO and it’s for the Investco Galaxy Bitcoin ETF.
Again have no idea what this means since apparently the other one was listed since August and after this one was added a few hours back there was no pump.
So this I guess means that these don’t really mean much until an actual approval.
Again have no idea what this means since apparently the other one was listed since August and after this one was added a few hours back there was no pump.
So this I guess means that these don’t really mean much until an actual approval.
October 25, 2023, 02:30:34 AM
And scroll down to IBTC you will find the Blackrock iShares ETF trust.
So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
It is another attempt to heat the market up with early news for Bitcoin Spot ETF approval in the USA. There is no approval for Bitcoin Spot ETF in the USA. and the ticker iBTC is only if that application is approved.So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
When it will be approved? We don't know.
Will it be approved? We don't know too.
Good news recently is from Hester Pierce, one of SEC staffs under Gensler. She said she is a supporter of Bitcoin and she believes Bitcoin Spot ETF should be approved according to current active laws and regulations. Rejection is only because of Gensler, the SEC chair and if he changes his mind or there is another member votes Yes for Bitcoin Spot ETF, it will be approved.
After repeatedly rejecting ETF applications without reason, the SEC itself was warned by the judge that if it continues to reject ETF without reason, Gary would be punished. The warning came as the SEC lost its case against Grayscale.
We don't know when they will approve the ETF proposal, but approval is almost certain to happen in the near future. I'm bullish on the ETF and I think everything is done, but this is not the right time for them to be announcing it. Because once the official news is released, the market will have positive reactions and bull season is inevitable. The SEC and the sharks are just waiting for the right time for things to become more perfect, the halving could be the right time.
October 25, 2023, 02:09:12 AM
I forsee people acknowledging that the Blackrock ETF application will be approved. While this might be a fate yet to be decided on, SEC is not relenting on its measures to strangle the processes that will lead to these companies bring Bitcoin to the world of investors on a global scale. The SEC knows that, if Bitcoin goes mainstream, their control wouldn't be as circumspect as it used to be, meaning that financials wouldn't be in their favor anymore.
Knowing this, the SEC is out to do whatever is within its power to shut down the ETF applications.
Knowing this, the SEC is out to do whatever is within its power to shut down the ETF applications.
October 25, 2023, 12:35:25 AM
Why would they add a ticker if their application is still pending approval? This might anger the SEC and they might deny their approval... based on that. So the only logical answer is that it was approved and that they are preparing their platform for the rush, after it has been announced. 
It seems as though the price spike will be priced in, before the announcement are made... so we should not expect too much fireworks by the time it happens. (The early birds are catching all the worms)
It seems as though the price spike will be priced in, before the announcement are made... so we should not expect too much fireworks by the time it happens. (The early birds are catching all the worms)
October 24, 2023, 09:42:36 PM
And scroll down to IBTC you will find the Blackrock iShares ETF trust.
So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
It is another attempt to heat the market up with early news for Bitcoin Spot ETF approval in the USA. There is no approval for Bitcoin Spot ETF in the USA. and the ticker iBTC is only if that application is approved.So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
When it will be approved? We don't know.
Will it be approved? We don't know too.
Good news recently is from Hester Pierce, one of SEC staffs under Gensler. She said she is a supporter of Bitcoin and she believes Bitcoin Spot ETF should be approved according to current active laws and regulations. Rejection is only because of Gensler, the SEC chair and if he changes his mind or there is another member votes Yes for Bitcoin Spot ETF, it will be approved.
October 24, 2023, 09:10:09 PM
The occurrence from fake news to bullish for approval is very head scratching. Was it only fake news or was it really a leak?
I mean, both can be true. The previous news could be fake and the one who shared the story is just lucky that his fake news has more weight now. I'm also surprised to see the rally this morning, at the very least this proves that people are very easy to get into fomo when there are some speculative changes on the market. Nothing wrong with securing their profits though, it is impossible to make money if you don't follow the market to begin with. CMIIW.It is head shaking because why would Cointelegraph share a news update if they knew it was fake? They could have a lawsuit charged against them if they did this which they also knew will certainly pump the market. I am beginning to speculate that it might be a leak, however, the next ETF scheduled for approval is Global X which makes the leak another head shaking occurrence.
They didn't know it was false. Had they known, they wouldn't have posted that message. Nobody's expecting so much from Cointelegraph, but it was a simple case of write first confirm later, something not completely uncommon even in mainstream media They probably wanted to be the first to break the news to everybody. And they did it even if they only got the rumor from an unreliable source. Later on, and after confirming from BlackRock itself, they issued an apology that what they earlier posted was fake news.
October 24, 2023, 08:33:48 PM
The occurrence from fake news to bullish for approval is very head scratching. Was it only fake news or was it really a leak?
I mean, both can be true. The previous news could be fake and the one who shared the story is just lucky that his fake news has more weight now. I'm also surprised to see the rally this morning, at the very least this proves that people are very easy to get into fomo when there are some speculative changes on the market. Nothing wrong with securing their profits though, it is impossible to make money if you don't follow the market to begin with. CMIIW.It is head shaking because why would Cointelegraph share a news update if they knew it was fake? They could have a lawsuit charged against them if they did this which they also knew will certainly pump the market. I am beginning to speculate that it might be a leak, however, the next ETF scheduled for approval is Global X which makes the leak another head shaking occurrence.
October 24, 2023, 04:45:28 PM
It's not manipulation.
How much bitcoin can you buy? How much can newcomers buy right now? If someone hears about the acceptance of an ETF and buys some bitcoin it's not going to be a 100 thousand dollars of bitcoin.
It's more likely going to be 10 thousand or less.
What we're witnessing here is people investing hundreds of millions into bitcoin in one week.
A manipulation can only get you half way with some leveraged trades liquidated but then for it to keep going you need real money coming in. Big money!
You're saying it wasn't removed but was.
How much bitcoin can you buy? How much can newcomers buy right now? If someone hears about the acceptance of an ETF and buys some bitcoin it's not going to be a 100 thousand dollars of bitcoin.
It's more likely going to be 10 thousand or less.
What we're witnessing here is people investing hundreds of millions into bitcoin in one week.
A manipulation can only get you half way with some leveraged trades liquidated but then for it to keep going you need real money coming in. Big money!
It was reveal in this new thread that the ticker is not removed on the DTCC website. Whatever the reason why it was removed,
You're saying it wasn't removed but was.
October 24, 2023, 04:33:16 PM
It looks like this action of ETF listing is a manipulative action to stir the gear of people emotion into an optimistic market. It was reveal in this new thread: ETF $IBTC REMOVED IN DTCC WEBSITE!! MANIPULATION COMING OUT? that the ticker is not removed on the DTCC website. Whatever the reason why it was removed, the action of listing the Blackrock ETF is to bring more fuel to the hyped brought by the fake news fueling the positive sentiment of the Bitcoin market to FOMO. With this I think there will be more make belief and lies ahead in order to create a temporary bullish market run, what worries me is the possible bull trap that lies ahead.
October 24, 2023, 12:59:11 PM
So why is this spot etf exactly important? We already got the cash settled futures etf back in 2021. Can’t pension funds and institutions invest in that ? Sure the fees are a little higher but they aren’t that much compared to say GBTC yearly fees.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
It is important for institutional investors who don't want to store their coins and their keys themselves, and take note that with spot etf's you don't get 'real BTC' because you don't hold BTC in your wallet, but you invest in BTC through the etf, but based on BTC's spot price, i think that is the reason investors prefer BTC spot etf to futures etf that has to do with BTC futures contract.Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
So, for a lot of people BTC spot etf's would be more attractive to investors in the U.S. market than futures etf's and right now too many people already think an approval is a matter of when and not if, so if true, we would soon find out how the market will react.
October 24, 2023, 12:24:31 PM
Looks like we broke it! The DTCC website is now showing Error code 525, and has been for the past few hours already.
(https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php)
They probably did not expect such a massive surge in web traffic on their server all at once.
(https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php)
They probably did not expect such a massive surge in web traffic on their server all at once.
October 24, 2023, 10:03:10 AM
For the record, I am not saying it’s approved 100%. So consider this post mostly for entertainment purposes only. Don’t go 100x long on Bitcoin because I am not 100% sure it means it approved.
Basically if you go to
https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php
And scroll down to IBTC you will find the Blackrock iShares ETF trust.
So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
Basically if you go to
https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php
And scroll down to IBTC you will find the Blackrock iShares ETF trust.
So I am guessing since it got an actual ticker…. Perhaps it’s approved.
Along with that false report last week and all this bidding on Coinbase spot it seems someone got this news early.
It's obvious now that there are many attempts on pushing the market sentiment to the favour of both the long and short time investors with what is going on now, this seems a planned work since BlackRock themselves denied the experience on the approval of their spot ETF application, but how and why they were enlisted became a mystery to many of us, many this was the only occasions to now conclude on the pump market recently experienced because of the breaking news, let's see what comes up in subsequent days, but this high has already been achieved and bitcoin is over $34,000
October 24, 2023, 09:55:48 AM
So why is this spot etf exactly important? We already got the cash settled futures etf back in 2021. Can’t pension funds and institutions invest in that ? Sure the fees are a little higher but they aren’t that much compared to say GBTC yearly fees.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
1. Futures ETFs have huge rollover fees.
2. They track the price of the asset very poorly.
3. They are insanely complicated to understand and manage for the average investor, putting them beyond the reach of retail investors.
I can't think of anything good to say about futures ETF. I think they are a scam.
Yes I understand the rollover fees when the old contract expires and they need to roll into the new contract. So I decided to dig a little and compare the price when bitcoin etf went live 2 years ago and compare it to today.
At first it seems you would lose 10% by comparing the prices, however they actually pay a dividend and when you add the dividend and compare the price you are out about 1.5-2.0%. This is after management fees so about 1% a year.
I don’t think this is that bad. Especially for something that can easily double triple in the next decade, nobody will seem to mind the small average 1% fee.
October 24, 2023, 12:30:59 AM
So why is this spot etf exactly important? We already got the cash settled futures etf back in 2021. Can’t pension funds and institutions invest in that ? Sure the fees are a little higher but they aren’t that much compared to say GBTC yearly fees.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
1. Futures ETFs have huge rollover fees.
2. They track the price of the asset very poorly.
3. They are insanely complicated to understand and manage for the average investor, putting them beyond the reach of retail investors.
I can't think of anything good to say about futures ETF. I think they are a scam.
October 23, 2023, 11:56:45 PM
So why is this spot etf exactly important? We already got the cash settled futures etf back in 2021. Can’t pension funds and institutions invest in that ? Sure the fees are a little higher but they aren’t that much compared to say GBTC yearly fees.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
Just trying to understand why this spot etf is so important. I know it will be real bitcoins instead of the derivatives. But why don’t all these pension funds just pay the cash settled etf? Are they not allowed to invest in cash settled etfs like oil? Maybe someone can chime in.
October 23, 2023, 10:59:14 PM
What is happening here is that "buy on the rumor and sell on the news", which is so often said in the stock market. People want to buy before the actual approval is announced because they are hearing bells ringing that it won't be long now. Let's hope this is the beginning of FOMO.
October 23, 2023, 10:27:43 PM
I also just read this news tomorrow morning, IBTC being listed on DTCC is part of the ETF approval process. This does not mean the ETF has been approved, but it is a good sign and it is only a matter of time before the ETF is approved. I think the market is overreacting to this news, if someone were to check the bitcoin price right now there would be a frenzy because the ETF hasn't actually been approved yet. But this shows that market interest in the ETF is so strong that if it is approved before the halving, it could trigger a bull season without the halving.
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