According to Cointelegraph, the United States Securities and Exchange Commission (SEC) approved Blackrock’s Bitcoin spot ETF. However, it turned out to be false information.
Cointelegraph initially claimed that the SEC had approved Blackrock’s Bitcoin ETF application. However, they later edited the post, adding “As reported” to the end of the news. According to the latest information, Cointelegraph reportedly deleted the post.
The initial effects of the fake news were quickly felt. Bitcoin nearly reached $30,000 when the news was first published. However, it gradually declined.
According to Coinglass, Bitcoin experienced liquidations worth $103.17 million in the last 24 hours. These liquidations included $18.69 million for long positions and $84.49 million for short positions.
The Community Confronts Fake News
Eric Balchunas, Senior ETF Analyst for Bloomberg, expressed his opinion on “X,” claiming that this false information was also disseminated by Reuters.
James Seyffart, who also serves as an analyst at Bloomberg, was quick to dismiss the news, even though he considered its accuracy to be something positive given the recent developments.
Cointelegraph used “X” to apologize and clarify the situation, stating that the misinformation was under investigation.
It’s worth noting that iShares and Blackrock are the same company, so further information from Cointelegraph will be needed to clarify the misunderstanding.
