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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Bitcoin Falls Over 3% as BlackRock's IBTC Ticker Removed from DTCC Website
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Cointime July 27th News Express
1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day. -
As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
BlackRock's official update on the Bitcoin ETF shows that as of July 25th, the market value of IBIT has reached $21,890,121,436.41, and the position has increased to 338,128.5551 BTC, an increase of 1,092.7881 BTC from the previous trading day. -
BlackRock IBIT saw a total net inflow of $705 million this week
TraderT monitored that Belad IBIT had a net inflow of 1,730 BTC yesterday, with a trading volume of 1.8 billion US dollars. In the 28th week since its listing, IBIT has accumulated a net inflow of 705 million US dollars.
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