{"id":448234,"date":"2023-10-16T15:42:53","date_gmt":"2023-10-16T15:42:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=448234"},"modified":"2023-10-16T15:42:53","modified_gmt":"2023-10-16T15:42:53","slug":"bitcoin-falls-after-brief-spike-as-blackrock-shoots-down-report-of-spot-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-falls-after-brief-spike-as-blackrock-shoots-down-report-of-spot-bitcoin-etf-approval","title":{"rendered":"Bitcoin Falls After Brief Spike As BlackRock Shoots Down Report Of Spot Bitcoin ETF Approval"},"content":{"rendered":"

Bitcoin spiked to more than $30,000 on incorrect reports that the Securities and Exchange Commission (SEC) had approved a spot Bitcoin ETF<\/a>, then dropped when fund manager BlackRock confirmed the application was still under review.<\/p>\n

Bitcoin had jumped as much as 10% after the reports but was trading at $28,055 at 11:25am ET, still up about 4.3% in the last 24 hours.<\/p>\n

Multiple media outlets quickly reported that BlackRock had denied that its BlackRock iShares Spot Bitcoin ETF was approved, as CoinTelegraph had tweeted.<\/p>\n

“The iShares Bitcoin ETP application is still under review by the SEC,” BlackRock told Reuters, using the acronym for exchange-traded product.<\/p>\n

\n
We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF. <\/p>\n
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\u2026<\/p>\n
— Cointelegraph (@Cointelegraph) October 16, 2023<\/a><\/p><\/blockquote>\n