Bitcoin (BTC) took an 8% dive following a now-debunked report of the SEC approving BlackRock's iShares Bitcoin ETF
The cryptocurrency briefly touched above $30,000 after a headline on Reuters, sourced from Benzinga, claimed that the Securities and Exchange Commission had given the green light to the ETF application by BlackRock.
These reports, which many believed to be accurate, were later countered by BlackRock's own statements.that BlackRock denied the approval claims, stating that their application remains under review.
We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF. An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public once it is…Now that the dust has settled on this misinformation debacle, Bitcoin is currently trading slightly above $28,000, according to CoinGecko
Bloomberg analysts believe there's a 90% likelihood of a spot Bitcoin ETF being approved by Jan. 10, 2024. Recent developments from ARK and 21Shares regarding their spot BTC ETF applications suggest constructive engagements with the U.S. Securities and Exchange Commission , hinting at an imminent approval.
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