Share this article
Bitcoin Drops 3% After BlackRock BTC ETF Pulled From DTCC's Website
Monday's addition of IBTC to clearinghouse DTCC's site was a factor in bitcoin's explosive move higher.
Updated Oct 24, 2023, 7:56 p.m. Published Oct 24, 2023, 3:55 p.m.
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 ticker's appearance on the DTCC site yesterday – rightly or wrongly – had investors speculating about imminent approval for a spot bitcoin ETF, thus playing a factor in BTC's sharp gain from the $30,000 area to more than $35,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Data from the Chicago Mercantile Exchange (CME) shows that open interest for bitcoin futures surged to a record high of $3.4 billion on Monday, demonstrating growing interest from institutional investors.
Bitcoin at last check was trading at $33,600, still higher by more than 8% over the past 24 hours.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14%
The decision allows Gemini’s affiliate to offer supervised event-contract markets to U.S. users, adding regulated forecasting tools as the firm expands its product lineup.
What to know:
- Gemini said its affiliate, Gemini Titan, received CFTC approval to operate as a Designated Contract Market.
- The firm stated that the license enables it to offer regulated prediction markets to U.S. customers.
- The Winklevoss twins praised the decision as aligning with President Trump’s push for U.S. leadership in the crypto sector.
Top Stories
