In the past week, the total crypto market capitalization has added $200 billion, rising from $1.06 trillion to $1.21 trillion on Tuesday. The BlackRock spot Bitcoin ETF listing responsible for BTC’s 12.7% rally has been removed. The bullishness induced in the crypto market has pushed the Fear and Greed Index to a six-month high, which could be undone. pository Trust & Clearing Corporation .
The image attached below shows the ticker for the ETF – IBTC – missing from the list of the ETFs. BlackRock spot Bitcoin ETF missing from DTCC listing This may not bode well for the market, as the recent rally hinged on just this one development. David Gokhstein, a popular analyst, called the recent rally a sign of the end of the “longest bear market in the history of our industry”.