bitcoin-etf-3-6-months-until-approval/” rel=”nofollow”>Investment management company Black Rock has reacted to rumors about the approval of its bitcoin Spot ETF application by the United States Securities and Exchange Commission (SEC), which caused quite a stir among the cryptocurrency community.
Blackrock CEO Responds to Claims About bitcoin Spot ETF
On Monday, cryptocurrency news outlet CoinTelegraph posted on X (formerly Twitter) that the US Securities and Exchange Commission (SEC) had approved a long-awaited bitcoin-spot-etfs-blackrock/” rel=”nofollow”>bitcoin Spot ETF appbut after retracted the report. However, the post generated excitement within the crypto community, causing the price of bitcoin to rise rapidly.
The price of the cryptocurrency rose to nearly $30,000 earlier in the day after Cointelegraph made the alleged post yesterday. However, the price of the cryptocurrency fell almost immediately after the report was proven to be false. Larry Fink, CEO of Blackrock and other prominent voices in the crypto community.
Eleanor Terrett was the first to report that this news was false after speaking with BlackRock and that the company’s bitcoin Spot ETF is still under review by the US regulator.
<img decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/zG5MKQRn/" alt="bitcoin Price Chart from Tradingview.com (BlackRock CEO Larry Fink)” width=”2804″ height=”1746″ loading=”lazy”/>
btc spikes following fake Spot btc ETF approval news | Source: BTUCSD on Tradingview.com
in a interview With Fox Business, Fink, who said he only found out the “news” hours later because he was so busy all day, took a fairly positive stance on the event. According to the CEO, noting that Monday’s event only demonstrated the global need and desire for a bitcoin-etfs-now/” rel=”nofollow”>bitcoin Spot ETF.
“I think today’s demonstration is about a flight toward quality, with all the issues related to the Israeli war and global terrorism,” Fink said. “I think there are more people running towards quality, whether it’s Treasuries, gold or cryptocurrencies, depending on how you think about it. And I think cryptocurrencies will play that kind of role, as a flight to quality.”
The SEC also confirmed that the alleged news was false and that the application is still pending. “Be careful what you read on the internet. The best source of information about the SEC is the SEC.” he mail read.
So far, CoinTelegrah has He apologized with a post on X for the false report he published “which resulted in the spread of inaccurate information.” The crypto media later. bitcoin/” rel=”nofollow”>aware the result of their internal investigation which showed that a member of the team had published the ‘news’ without obtaining approval from their editorial team.
Cryptocurrency tracker Coinglass revealed that short trading positions held by investors betting on lower prices were liquidated to the tune of more than $104 million in 24 hours due to fake news.
Featured image from Shutterstock, chart from Tradingview.com
