Bitcoin Forum

JUST IN: The ticker for BlackRock's spot #Bitcoin    ETF, $IBTC, has just been removed from the DTCC website.

https://i.ibb.co/bNk62c6/20231024-234320.jpg (https://ibb.co/HGjKx5K)

https://twitter.com/WhaleWire/status/1716837831413317965?t=EydGLZZcFp8A-mNL-rlweg&s=19

Another FUDs have started to emerge.

BTC's rise this time was full of drama and manipulation, first fake news ETF Blackrock then listing $iBTC on DTCC. Is this what whales do to manipulate BTC prices?

After the news (https://www.investing.com/news/cryptocurrency-news/blackrocks-spot-bitcoin-etf-now-listed-on-nasdaq-trade-clearing-firm--bloomberg-analyst-3206311) regarding $iBTC listing on DTCC BTC price was able to rise to the $35K range and penetrate MA200 which means switching to Bullish mode, will there be a fakeout and it will fall back into a bearish direction again?

My worry is that there will be many tricks like this that will continue to emerge and give rise to distrust.

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*updated
After the DTCC website went down, I checked again, and it turned out that the iShares ETF Bitcoin (iBTC) Ticker had appeared again. Maybe there are some updates or changes that have occurred there. You can check it too on dtcc.com by yourself.
https://i.ibb.co/2kDWFtY/20231025-112118.jpg (https://ibb.co/hmPLgW1)

The recent price pump has been linked to the ETF news right from the time that Cointelegraph announced their fake ETF approval news and the price of bitcoin spiked to the top, which was good news for some holders who were waiting for such a price pump and bad news for short-term traders.
 
If this is true, then there are no other explanations than that it's a means to manipulate price. With the positive everyone has in mind in regards to Bitcoin ETF, any positive news in respect to that will pump up price, but what I don't know is if the price will go back to normal as the ticker has been removed or not. But what's normal price anyway? We can just be expecting a stagnant price or a price correction, as the speed at which the price used to move up was shocking to almost all. Let's see what the market turns out to be in the coming days, but I don't think there will be much negative price decline.

Every organizations and institutions are making drastic decisions towards the recent surge on bitcoin price despite it's now going bearish gradually from reaching about $35,000 and now we are having $34,100 what should be done is that if we are holding then we should make it tight and expect for any changes other than what we already have or to see more than what we already experienced in recent days.

That's really manipulation but for whom, why they are doing it, and how this manipulation will help them? Will be of benefit to them? They don't like BTC they don't have investments in it (besides seized BTC). Well, the dtcc site is down, maybe it is overloaded by the traffic. Well, whatever the reason will be.

I think more surprises are on the way, let's see where it will take us. I read somewhere that, they might be adding other ETFs' tickers on the list haha, I mean, that's also a possibility but fingers are always crossed in crypto. At this moment, I hope I have some buddy from the SEC department. Haha.

This explains why the pump seems to have been ended for now, but it doesn't explain why it's not dropping fast back to under 30k.
So it may be something more. I'd wait a little before drawing any conclusions. Clearly, the expectations seem to very high atm, so a short cool down is not that bad.

Hmm, as expected, if there is anything effective to use against the crypto market it's no other than this ETF approval, one minute looks like we are closer than we think and later it's all fake, I believe this will go on for some time until a ETF is finally approved, but before that happens expect a lot of manipulation..

Just keep finding your comfort zone in this space and avoid running after a green candle, there is a big chance that they plan to dump the market even more, but to be on safer side it's better to be prepared for any thing, either it's bullish or it's bearish, make sure you keep your buying strategy (DCA) going.

Haha, Whatever the past few weeks' momentum shows the craze of ETF approval and mutuality of the Investors regarding its hype, and fake news making all the strong resistances turn apart and break through imagine the official approval news fillings that will be a massive hit so be a good Hodler to be a good investor.

The ticker is removed or not I really cant verity because as I'm trying to access the site it says it's server down, counting in the craze of ETF Sec can take any sort of action they can delay on the basis of some volatility, and etc their regular shit and they can even approve considering the impatience of the investors.

Whatever but before approval if any firm tries to fill up the bags and SEC detects it they can definitely gonna put pressure on selling their pre-fillings before the approval, Market sentiments are driving the market crazy, and if you're more interested in the speculation and fun with the mega pumps don miss out the WO.

+1WO Fans

Let's forget about the FUD and enjoy the current bullish pattern of the market my friend. I don't think that there will be another deeper fall back that may take Bitcoin's price to $28k levels because currently it is already above $33k and surely we will see another fud that will take the price higher and when the real ETF news comes in then things will change to very good levels. I'm quite sure that we'll see another price appreciation in upcoming days.

It's a big manipulation game ongoing with multiple high ticket people involved. The FUD is so organised that it was able to add a ticket in a stock exchange clearing website for public viewing. That's odd and concerning.

But I am sure that traders were able to scoop out some money from this FUD. We anyways can't control the whales and such organized manipulation game, rather we can simply ride with it to fill our pockets.

I think it's sideways and a little pump and dump then slowly goes down. Because of this situation, many traders and large investors are also confused about the current situation, a lot of news appears and then after a while it turns out that it is very different from reality, aka fake. The confidence that has been formed as a result of the good news that comes first makes some people complacent, because the price action is rising rapidly here and many BTC shorters are experiencing liquidation and large losses, making them also doubtful and afraid of losing more funds if they place a short position, so Therefore they choose to remain silent or take a long position. Then it was hit with the news that the good news was fake and manipulative so this created great confusion in the market, therefore the market still tends to be stable and has not shown a very fast price correction. They are still waiting for the whales to come out, I'm sure if the whales come out and lots of whales go short there will be panic selling and cause the market to crash more quickly. It seems like someone is still holding back or there are still plans to make a similar incident happen in the next few days. Be careful that FUD will come out suddenly, the Fear and Greed index also indicates that we are in a greed condition.


Insider huh? I think this will really help us to printing money overnight 🤣


Wait and see. A decision that is not hasty will produce good results. There are many reasons why prices don't fall quickly, I explain a little in my post here (top)


Correct. Follow the Trend!

They could be testing the ticker.
The fact they have it ready and waiting tells a lot about the state of this ETF.

I also don't believe all this money that came to Bitcoin in the last few weeks is from normal people. It's big companies and funds buying.
Your every day bitcoin trader doesn't have the money to do something like this. We're talking about thousands of bitcoin bought in just one day. When did you last see such volumes? They weren't this big when bitcoin was dropping from 25k to 25k.

They have to slow it down because the pump could have been bigger if they don't do that. Are we going to see another intern that had made a mistake on this one?

Maybe no.

But if so, this really is manipulation that we're seeing and they know that they can do that on this time and people are just waiting for more basis for them to buy more Bitcoin.

I think that addition of ticker was already a sign of pre-approval and it's going to take lesser time than expected for it to get the actual approval that it needs.

There is a lot of money in federal bonds. They may be able to shift 500,000,000,000 into btc with ease.

We may go over 45k by dec 15th or so.

I don't agree that it was manipulation.

We all see what we want to see.
They were testing the ticker, put it on the list, or they knew ETF is getting approved a month or two from now so they put the ticker on their site.

Everybody knows the ETF is not approved yet so there's no reason to go FOMO because of some ticker.
If you do that you're stupid.

It's expected to see some infrastructure being built to support the ETH prior to launch.

They took it out because it wasn't official yet but everyone was already buying and making the price too high for them despite them betting the price to drop.

Even how hard you would really be making yourself that in rage or really that going against manipulation but still there's nothing we can do because this is how these big SHITs do really play the game.
Now that they've touched up crypto space and since they do have that huge money then they could really do all the want and its not really that shocking that manipulation could really play out also into this market
and that possibility isnt really that small. They do have the finances, they do have the popularity and relevance towards this market on which means that every steps that they would be making will
really be giving out that kind that sure effect.

If these kind of manipulative acts would become obvious as the years passing by, then its not really that shocking that the community would really be losing its trust on the market, not on Bitcoin
but also into whatever news and sentiments that could come out. Community would really be that hesitant already on whatever news that comes out. Wayback on which external or economic
news and events cant really that make out such effect into the market but now we are really indeed seeing different thing on which this is something that should really be careful
on riding with those waves and this is something that would be more riskier.

Bitcoin has passed $35K but that was short lived and is now hovering around $34K - this of course still has to do with the ETF even though the Bitcoin Ticker on the DTCC website has recently been removed see the source on X.com (https://twitter.com/WhaleWire/status/1716837831413317965?t=EydGLZZcFp8A-mNL-rlweg&s=19) and other discussion threads. (https://bitcointalk.org/index.php?topic=5471450.0)

So far with the news still widespread there is still no reaction in the market the price still remains near $35K, will this be a manipulation from the whales to take profits for a moment then they are ready again below?
No one knows - I think the prediction that bitcoin will correct slightly again to the $30K price range might also be wrong.

I saw the news a few hours ago. To be honest, the situation has become conflicted. I was wondering why DTCC added ibtc if there were no clues about the BlackRock Bitcoin ETF. It does create a FOMO, and investors start accumulating; hence, we saw the pump. Adding it without confirmation and suddenly removing it seems unprofessional. If it were for the test or fake, then it was a bull trap by them. DTCC should encounter legal action due to the loss of huge funds. Because a lot of investors will suffer due to the list and its removal.

Possibly just there was a call from the SEC to take it down as their application is still live & pending. I don’t think this is manipulation. Any way with fingers crossed the spot ETF for Blackrock is approved soon as I think it will do absolute wonders for the price & mainstream adoption.

I also don't think that it was an actual manipulation, it's like the announcement isn't there yet but because it's been placed there already the market reacted. And because of how the market showed the FOMO, whoever is behind the taking down of it probably the SEC just want to let the people know to take it easy from there as they haven't announced anything yet. Anyway, there might be something to do with this[1] too. This was just released an hour ago but reading it, it doesn't say anything about Bitcoin ETF.

[1] SEC Charges BlackRock with Failing to Properly Disclose Investments by Publicly Traded Fund it Advised (https://www.sec.gov/news/press-release/2023-226)

It is a solid proof that the current action like fake news and ETF ticker listing  is a manipulation move of some influential people.  This fake moves gives traders and investors an optimistic sentiment toward Bitcoin and encourage them to inject more funds to the Bitcoin market that resulted in the current uptrend.  I do not know what will happen next after these lies but I have a feeling that this action is some kind of bull trap unless a really good news will come out adding fuel to the positive sentiment of the market.

After reaching $34k+  the current Bitcoin market is moving sideway and I have a feeling that traders who felt being cheated will start pulling out their investment and will be more conservative than the previous aggressive demand due to the FOMO created by the fake news and removal of ETF from the DTCC website.  And a possible correction might be on its way.

That's probably the thing. They did not expect this listing to stir things up as much as it did.

In another thread there was a post showing the whole site went down for a while which means they were getting so much new traffic that it overloaded their servers.
Everybody wanted to check if the ETF is really listed so they took it off.

Whatever the problem was what matters is that they have it ready, so they're expecting this thing to go live at any moment.

Some may have concluded this was manipulation that would diminish confidence in bitcoin even if a spot bitcoin ETF was later approved. But believe me - this is what will happen to the bitcoin market if a spot bitcoin ETF is actually approved. The price of bitcoin can fly to the moon in a few hours and it will be the best moment when seeing how enthusiastic investors are buying and buying.

I don't know what the best conclusion would be with what's happened recently - but everyone should be careful because FOMO and FUD can apparently be created very easily. The price is still above $34K - so don't worry too much although some things may make you doubt.

Maybe they really did make a mistake listing $iBTC listing on DTCC, could be honest mistake or not. But we really don't know. And we should understand that this is how the market works, I mean it might be manipulation by some entities to profit, but as a retail investors who are looking for the long term, do we really care? Of course, it's good to see that huge price spike and seeing our portfolio grow.

But still, if we look at it, we are still technically in the bear cycle, so we shouldn't expect a bull run yet. On the other hand, if you are tempted to sell or already sold some of your stash, then good, profits is on your way.

However, for the majority, again long term investors, maybe it's their first time, or already experience, the key for them is to just HODL and wait for the eventual bull run in 2024-2025.

I even suspect the SEC is also engaged in market manipulation along with some other sharks, the game is not just the sharks and us but may also involve many law enforcement agencies like SEC. But the funny thing is that many people still stubbornly do not believe that bitcoin is manipulated, they think that it is decentralized and too big to manipulate, LAUGH! They don't know that the total market capitalization is only 1000 trillion while bitcoin is just over 600 million dollars, a very small number when talking about financial markets. Bitcoin prices are being seriously manipulated, let alone impossible for anyone to manipulate.

You're right, we can't do anything else and should instead ride with it to fill our pockets.

I am the one who don't think that the effect of the ETF to the market when approved will diminish.  I also think that when the actual approval is announced, the price will surge more than when the fake news was released.  Though I think that this current fake news and fake listing are some of the manipulative action to make a temporary hype in the market, it is more likely that this uptrend will find it hard to maintain since there is really no reason for the uptrend except for some stimulation to make the positive sentiment of the market somehow FOMO.


We might see the market to uptrend and try to revisit the $40k threshold but it is a question of whether these manipulators still have some trick on their sleeve to rally the price of BTC to that extent this October.

UPDATE: BlackRock's IBTC is back listed on DTCC.
Is it price manipulation, or just a typo or display error...no one knows exactly what's going on. In my opinion, we should be careful with all the news that is released, not Fomo because this is still a very sensitive market time. If we Fomo, just one piece of news is released, everything will turn around very quickly and we will have to pay a heavy price. Whether this is manipulation or just a typo, we should be well prepared because the approval of ETFs is only a matter of time and we will have a super bull cycle.

https://imgtr.ee/images/2023/10/24/9d4fd4192fb71b78dc9dd72b630c8d68.jpeg

Oh yeah, this is what they do. My first instincts came in when this fake ETF news surfaced on Twitter. Seeing the incredible move proves that these whales are ready to do anything to manipulate the market using ETF as their escape root.

Well, are we going to go out of the market? No! Because everyone would have gotten a strategy they did use to follow up on every trend. I have a few in some of my posts already

Yes, it's natural to be disappointed by this incident, because it's truly terrible that manipulation exists and many parties may be involved, and I'm sure this happens in any market, and we ourselves have finally seen it clearly in Bitcoin together.

Apart from that, it is true that it is like a free ride or a free slot machine that is available for free only to someone who has the term ticket.


That might apply to you or some people you know. However, if you look at it in general, many of us, even influencers on Twitter, are excited about the ticker and are calling for bulls.


This could be a big loss, it's true, if someone experienced a loss as a result of this, I also doubt they would take legal action for this incident. However, the SEC should naturally give a warning or legal warning to DTCC for the commotion they caused. Let's see what will happen in the future. We know the SEC is only vocal about Bitcoin and crypto but when this field is hurting what is their response?

They understand that the impact of these ETFs seems to be quite significant for rapid price changes, and so far, the price of BTC is still holding at $33,900. This means that the removal of the IBTC ticker from DTCC hasn't shaken buyers' confidence that a rejection is imminent. Until an official announcement is made, everyone will likely continue to hold onto their coins, especially those in the top 10 market cap.

I'm eager to observe the market's reaction for a while longer because, as of now, there are no signs of the market turning red. Will the market truly choose to hold at this new support point, or will it return to the $25k-$30k range in the near future?

Perhaps everyone, like me, is awaiting the next moves, even though I bought BTC several months ago.

It was almost too good to be true. I was even wondering how come DTCC would list a security that isn't approved yet.
The rumors were running wild in the meantime, and not even a word from DTCC itself. It only remains to be seen if prices will fall after this...

They re-added it again as the poster above has mentioned but if you dig further you will realise that it was actually listed on DTCC back in August. They made a post about and they also said its not a full gaurantee that it will get listed.

So I don't think yesterdays rally had anything to do with DTCC since it rallied hours AFTER someone posted that on twitter AND the DTCC had it listed since August and anyone could of checked before hand. I think this rally is due to some insider knowing 100% its approved or will be approved sometime within the next few weeks. Don't think its retail buyers which are causing this.

After I checked the dtcc.com site, it appeared again but there were several data changes. In anticipation of some sensitive matters, maybe we as fans, holders, investors and even traders, should not be too panicked and tense about this. Especially traders will be greatly affected by this, but for long-term investors and holders this is not a problem and could possibly be an incentive to make more purchases.

IBTC Ticker for Blackrock's iShares #Bitcoin    ETF has just appeared once again on the DTCC website after being removed earlier today.

This is an interesting way to manipulate the prices. #TickerGate #BitcoinETF

https://twitter.com/WhaleWire/status/1716937952411177030?t=bHEG5YtpQB7eFAqTFWHk4Q&s=19

https://i.ibb.co/2kDWFtY/20231025-112118.jpg (https://ibb.co/hmPLgW1)

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And there has been some noise regarding changes to the DTCC iShares Bitcoin Trust (IBTC) listing as mentioned below;

One significant change in the DTCC iShares Bitcoin Trust (IBTC) listing I see here. The original listing (on the right) had a "Y" under create/redeem. This one has an "N." What does that mean @EricBalchunas @JSeyff ?
https://twitter.com/joelight/status/1716938062159294510?t=Gcv7NiJkOkS4auChe0UnWg&s=19

Not only was blackrock's IBTC just listed back on DTCC, if you check right now, The Ark Invest Bitcoin Spot ETF was also just listed on DTCC. I'm wondering with so much positive news about the ETF release, will the SEC approve the ETF this year and will we have a bull season before the halving? I think with this news, the market will continue to hype and bitcoin will be able to surpass $35k this month. We don't need to know if they are manipulating the market or not but we should enjoy this moment, the bull season is coming and the reward will only be for those who deserve it.
https://twitter.com/rovercrc/status/1717138092383928445

https://imgtr.ee/images/2023/10/25/4610585b4b4ed753ccf32da3ada0797c.jpeg

This is of course a normal action to protect investors and traders because of this dishonorable thing. Investors and traders who continue to enter high prices inevitably also have two painful choices, between abandoning their investment and waiting until Bitcoin prices soar high or withdrawing their funds back with some losses. Of course, investors with large funds starting to withdraw funds will cause market panic and cause prices to crash. But there is another possibility of several factors that make prices remain stable or rise again, namely market, investor and retail optimism because Bitcoin is still in the hot bull period, of course there are also several rumors regarding the belief that the SEC will accept ETFs. Plus the geopolitics that are going on.



Yes, I think so. This is the period of ETF hype which can give rise to hope in BTC. For traders, perhaps this is the most beautiful gift that appears after a big storm hits. We can feel the euphoric aura of rising prices. However, I am also worried, the situation that I think was created for this might hold a frightening specter. But while there is FOMO like this, why not?

Reading it is not too bad but if let it affects your decisions and turns you to be FOMO (when you believe Bitcoin Spot ETF is approved) or panic (when you realize that it is untrue) is very bad.

Simply hold your bitcoins and if a first Bitcoin Spot ETF approval actually comes, you will know it in one day or two or more calmly, I see no problem if I know about it one week or two weeks later than other people. When a Bitcoin Spot ETF goes live, whales and their big capital will not pour in Bitcoin market immediately and effects from their capital flow will be long lasting.

Because market must be warmed up before skyrocketing and whales need a long time to complete their Distribution phase, so I will have enough time to take profit.

My colleague actually shorted his BTC futures trading position before the news came out of $IBTC being temporarily removed in the DTCC website. Got lucky in his instincts but he also did not expect this to happen.

It's the reason why it got pull back a bit to as much as $33.5k but now we're at $34.5k as of this time of writing. If the Bitcoin bulls would keep up this momentum by maintaining a projected support level, there is a possibility that we might be going up even further to breach $35k and above.

$40k can be possible if ever Blackrock or any other pending ones out there would get approved by the US SEC. However, we should also expect the unexpected too just in case there's a news that would really impact the price like what FTX, Terra Luna and Celsius to the whole crypto market caused last time.

I'm glad someone is paying attention here. I also read that it was initially listed in August, although I couldn't find a reliable source to prove it. No archive or anything.


Personally I think it 99% was this. You're right that anyone could have checked since August, but the reality is it seemed no-one did, hence the news only breaking this month. That is of course if the rumours were true that it first appeared in August, given I haven't seen any proof of that yet, it could just be a rumour attempting to temper expectations / manipulate price back to the downside.

The fact that it took a few hours for price to rally makes sense, that's how long it takes for news to spread on twitter/elsewhere and for people to take it seriously, and for the price to break through resistance.


I think many people took the ticker listing not as a sign of approval, but a sign that Blackrock (and now Ark) believe it will be listed. As far as I understand in order to make this listing you need to have the available starting liquidity for such an ETF. In Blackrock's case, this potentially means they bought Bitcoin as far back as August to cover this, so people got bullish with the idea that Blackrock bought Bitcoin, which they would have only done so if they believed an approval would be coming soon - or at least that's the theory. It could also simply mean they believe the BTC they buy will be worth more at time of listing, even if that's months/years away.

The other reason for people to be bullish would be that other ETF applicants may also now be creating their tickers and needing to acquire the necessary liquidity for launching, at current prices. Sure this is all 100% speculation regardless, but often enough that can be what initially moves the market, prior to genuine demand over an asset that is having a strong recovery from a bear market.

While I don't pay such attention to ticker and all the news, I was surprised (in a good way) by the pump and this topic seemed to bring the explanation, but not the lack of dump afterwards.
Your post, on the other hand, brings a much more logical explanation for what has happened (and is actually still happening).

Hmm maybe, because in the end they still returned but like he said there are only changes. That is only the sad part there because it can be a manipulation that have occurred again. As a trader, their trades can get messed up with the price change or also to the reaction and action made by those who panicked.

But, if we are an investor, we can remain to calm down as the storm can always pass. Or you can also take advantage of the drop in the price but you should be careful since the volatility might be a little higher now. I get your point there for being late. It allows you to know the truth better. Besides, there are still more to come later on.