2023-10-16 15:31:00
BlackRock iShares filed for the bitcoin spot ETF in June, which was accepted by the US SEC on October 16. The price of BTC shot up, but the news was bogus. BlackRock’s ( BLK ) iShares Bitcoin Trust filed its application with the US Securities and Exchange Commission (SEC) in mid-June 2023, which insiders say has a better chance than previous attempts by other fund managers, thanks to the promise of a “custodial-sharing agreement” between the exchanges . The crypto community has been waiting since the summer for the SEC to finally give its blessing to the application. It seemed this followingnoon that the prayers of bitcoin believers were finally answered, as the crypto news portal Cointelegraph wrote on X that the SEC accepted the bitcoin spot ETF application. The news caused the price of bitcoin to rise, reaching almost 30,000 dollars, until the ugly truth was revealed. The whole approval was a sham. Cointelegraph later apologized for the inconvenience caused and deleted the tweet, but by then all the major portals had also picked up the “news”. Although it was a huge disappointment for everyone, at least it became clear that if the SEC really accepts the request – which may happen soon – what a significant effect it will have on the exchange rate. It is not yet known how such a post came to light: Cointelegraph’s X-account was attacked by a hacker, they got a bad ear, or their social media colleague was just having a good time.
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