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Bitcoin Price Surges to New All-Time High on BlackRock’s Spot Bitcoin ETF News

Bitcoin price has seen a sharp surge in the last 2 hours. This is considered a surge to a new all-time high in 2023. The price jump comes after reports that BlackRock’s Spot Bitcoin ETF appeared on DTCC’s website under the ticker IBTC.

BTCUSDT price chart from the web Binance It reveals that the Bitcoin price surged to this year’s high of $34,741.91 at around 5:00 a.m. today, breaking the year’s previous high of $31,804 set on July 13. dollar

This created quite a stir among traders in the market afterreportBlackRock’s Bitcoin spot ETF has appeared on the website of the Depository Trust and Clearing Corporation, a website that Nasdaq says provides post-trade clearance, custody and data services.

BlackRock’s Bitcoin ETF is currently awaiting approval from the US SEC, but DTCC has already adopted BlackRock’s IBTC ticker symbol. This indicates that this is a good signal for the market.

Eric Balchunas, senior ETF analyst at Bloomberg, wrote in a post on These (seeding, ticker, and dtcc) are likely to occur prior to launch. It’s hard not to see this coming as signs that approval are sure to come. Or it’s getting close.”

At the time of this news, the price of Bitcoin was $33,273.

2023-10-24 00:28:31
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