SEC approves BlackRock's spot bitcoin ETF (FAKE!)

[DrBeer]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

Against this background, bitcoin broke through the $29,000 level. Over the past 24 hours, the asset rose in price by 6.9%, in an hour - by 5.2%, according to CoinGecko. At the moment, the first cryptocurrency exceeded $30,000.

The Block Pro Headlines
@theblockupdates
*SEC, NASDAQ WEBSITES DON'T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL - DESPITE RUMORS ON X - THE BLOCK PRO
https://twitter.com/theblockupdates/status/1713912444328825014


Cryptocurrencies breakthrough and victory or ?

UPD This news story turned out to be a FAKE

[bangjoe]

The news pushed Bitcoin to $ 30k quickly, but now back to the previous price.
I don't know for sure about what happened, many rumors say that ETF Bitcoin Ishares was received by SEC ... But it was still rumors, I was also looking for the original but very difficult source ...

Strangely, there are also many who say that this is fake, but Bitcoin jumped quite crazy a few minutes ago, is there a person's game here to sink the big whale who installed the short? My head was quite sick to digest what happened just.

I have not found the original certainty based on data and news, this makes me confused.

[cygan]

meanwhile, there are some sources/experts who confirm that the Blackrock etf report was fake news
the fact that the false report was published in particular by renowned sources such as reuters and cointelegraph with a large readership, makes it clear that in this day and age, one should react extremely cautiously to headlines in newspapers and especially social media.
without a credible primary source, it is usually better to have doubts first. 'don't trust, verify!' is not a common credo of the Bitcoin community for nothing!

but in any case we could already see a small foretaste of the price movement when it really and officially comes to all the etf approvals

[EarnOnVictor]

This is fake news! Below is an excerpt from the Wall Street Journal, and I've read a similar story elsewhere too:

Wall Street Journal

The price of bitcoin surged to nearly $30,000 Monday morning after a false rumor that the Securities and Exchange Commission approved BlackRock's spot bitcoin ETF application started circulating on the social media platform X.

No wonder the price of BTC hit $30,000 very fast and immediately drew back so fast in the form of a whipsaw. It's such a manipulative attempt from miscreants trying to artificially pump the market. They would have gained by this, but it's not the best.

[kingvirtus09]

Maybe that's why the price value of Bitcoin suddenly increased earlier, maybe because of those humors, because the last time I saw it, the price of Bitcoin was around 28200 dollars or something.

But even so, that seems to be an indication that the chances of blackrock actually being approved are high.
When that actually happens, many bitcoin communities will celebrate that for sure, because it will be clear that somehow Bitcoin will achieve $100,000 more than each other by next year during the bull run.

[NewRanger]

The news pushed Bitcoin to $ 30k quickly, but now back to the previous price.
I don't know for sure about what happened, many rumors say that ETF Bitcoin Ishares was received by SEC ... But it was still rumors, I was also looking for the original but very difficult source ...

Strangely, there are also many who say that this is fake, but Bitcoin jumped quite crazy a few minutes ago, is there a person's game here to sink the big whale who installed the short? My head was quite sick to digest what happened just.

I have not found the original certainty based on data and news, this makes me confused.

One possibility is that as a result of this news, it could be a complete loss of investment funds and it is better for users not to base their hopes and speculation on the future and assess the market with objectivity.

Looks like yes. But, Normally When Bitcoin price reaches a possible reversal level, swing traders will bet on a price reversal, especially if the indicator confirms a possible change in direction.

[lombok]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

Against this background, bitcoin broke through the $29,000 level. Over the past 24 hours, the asset rose in price by 6.9%, in an hour - by 5.2%, according to CoinGecko. At the moment, the first cryptocurrency exceeded $30,000.

The Block Pro Headlines
@theblockupdates
*SEC, NASDAQ WEBSITES DON'T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL - DESPITE RUMORS ON X - THE BLOCK PRO
https://twitter.com/theblockupdates/status/1713912444328825014


Cryptocurrencies breakthrough and victory or ?

That's fake news created by Cointelegraph. What a cunning media and there has been no clear clarification regarding this. I wonder why the big media Cointelegraph did that, is there an act of manipulation that is profitable for cointelegraph?

By the way, this is the second thread I came across after this thread:
https://bitcointalk.org/index.php?topic=5470551.0
both discussing the SEC approving the Blackrock ETF. but it turned out to be fake

Is this an appropriate reason for them to mention fake news? : https://twitter.com/3orovik/status/1713943852837470718?t=Ge0IpFBnzaGi4hEN_kXd7g&s=19

[DrBeer]

Good afternoon/evening/night everyone !
Indeed the news turned out to be, to put it mildly "far from reality", a shame .... But the market reaction was instantaneous

On the other hand do not lose positive expectation, as there are good forecasts, which previously not heard :

"The US Securities and Exchange Commission (SEC) will register the first spot bitcoin-ETF within three to six months. This opinion was expressed by former BlackRock managing director Stephen Schonfield, Decrypt reports.
He made his prediction during a panel discussion at the CCData Digital Asset Summit in London with the participation of another ex-BlackRock director, Martin Brandall.
The latter suggested that the SEC is likely to simultaneously green-light all applications to launch exchange-traded funds based on the first cryptocurrency."

I guess such a persona isn't much oriented towards spreading fakes

UPD https://decrypt.co/200129/ex-blackrock-director-says-sec-will-approve-bitcoin-etf-3-6-months

[livingfree]

Yeah, it was thought of a real news but then turned out into a fake news. Well, it's amazing that we're now sitting back to $28k just because of the fake news that's made.

With these, we're all happy whenever we see the price of Bitcoin goes for whatever reasons. But if there turns out a fake news and made the market negative reaction, we're all sad and don't want to see that happen.

Whoever spread this news on X will definitely be followed and could account liable for some market manipulation.

[Dimitri94]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

As far as I know the SEC has not yet officially approved the Bitcoin ETF but rumors spreading in different news channels and social media. However, if this ETF is approved, the price of Bitcoin is sure to increase drastically. As new capital is added to the market, the price of Bitcoin will increase rapidly. BlackRock said its ETFs are still under review by the Securities and Exchange Commission and have yet to receive approval. But there is a rumor on social media that Blackrock has already got ETF approval which is completely baseless. SEC has not approved any spot bitcoin ETF so everyone should be careful not to listen to rumors.

[Nwada001]

Fake news is bringing up positive market reactions; all I see is market manipulation by the big players. This is no mistake from Cointelegraph; I believe they know what they did.

Maybe there is something up in the background that makes them break such rumours out as news. I know the credibility of their source is sometimes questionable, but this kind of big news is a mistake, and I really doubt it is.
 
But not withstanding this just shows us what will become of the market when Bitcoin ETF finally gets the approval and it's made official. The market will react positively to this.

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

As far as I know the SEC has not yet officially approved the Bitcoin ETF but rumors spreading in different news channels and social media.

@Dimitri94, If you read through at least a few comments from members who commented after the OP, you will realize that it's already a proven fact, and the OP also came back and confirmed the news to be a rumour. Just a comment is the only thing between you and that updated information.

[hugeblack]

The only constant is the market's thirst to rise, but there is not enough trading volume for this to happen, so any positive news will cause a large financial leverage. I also expect that there will be people who will know about the approval decision several months ago, and these people will buy or may buy now.
In any case, it is best to wait several hours before sharing any unofficial news.

[decodx]

Yeah, it totally seems like the big players were messing with the market.  Cointelegraph for sure knew they'd get people all riled up with that fake news. 
But dang, if Bitcoin goes nuts just off some made up story about an ETF, it's gonna be complete mayhem when there's a real approved Bitcoin ETF.  Thatll be awesome.

Hopefully some big gains are coming our way soon!

[Cryptomultiplier]

The SECs approval of Blackrock's spot BTC ETF is one expected already as it has much been talked about. I wouldn't be surprised to wake to news of SEC also being allowed to monitor exchanges transaction as it has been spoken of in times past.

Am still going to wait for the news to be all over social media before I can be well educated on the subject matter and how they intend to proceed onwards.

[armanda90]

Still on confusing situation between Cointelegraph updating with real of fake news depend with bitcoin price up drastically to $30k but can't stay for few moment awhile before bitcoin going drop to $28k, latest update confirmed about fake news publishing by cointelegraph about SEC approves BlackRock's spot bitcoin ETF. Looks its not first time mistake or confusing news update by cointelegraph, ever last several months with their information update is fake and price of some altcoin up drastically before going to lower price after any project related team update with miscommunication or wrong information updating by cointelegraph.

I am waiting for tomorrow exactly from SEC respond about this information true or not about "SEC approves BlackRock's spot bitcoin ETF"

[Fatunad]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

Against this background, bitcoin broke through the $29,000 level. Over the past 24 hours, the asset rose in price by 6.9%, in an hour - by 5.2%, according to CoinGecko. At the moment, the first cryptocurrency exceeded $30,000.

The Block Pro Headlines
@theblockupdates
*SEC, NASDAQ WEBSITES DON'T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL - DESPITE RUMORS ON X - THE BLOCK PRO
https://twitter.com/theblockupdates/status/1713912444328825014


Cryptocurrencies breakthrough and victory or ?

It was fake and the market did make out that immediate correction after that 29k jump but somewhat the current price isnt really that bad either which playing around 28.4k as of this writing.

Also seen this one. 29 mins ago.
BlackRock Says SEC Hasn't Approved Its Bitcoin ETF
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/blackrock-says-sec-hasn-t-approved-its-bitcoin-etf-LLesLrf3ezh7yrJIjHbW

So this is a clear manipulative act. This is way too obvious. Who would really be the one to blame? For sure lots of shorters had been liquidated and to those who have
made out some long are the ones who had gained.

[suzanne5223]

It's all fake news and I think some crypto Twitter influencers deserve some beating for spreading fake news about the Bitcoin ETF approval and now this fake news may some lead to another delay of the spot ETF approval.

[DrBeer]

In this whole situation, we all saw one event - the terrible manipulation of the market

Any, even “high-level” fake news, can “raise on its hind legs” the entire market and give it a strong impetus...

I think if news now appears that the SEC has categorically refused to register a Bitcoin ETF for BlackRock, and has forever forbidden it from considering this matter, there will also be a panic reaction on the market, although probably in the other direction.

Once again, I apologize for bringing unconfirmed news, and I recommend double-checking all the news that can have a real impact on the entire market! Profit to everyone! 

[blockman]

In this whole situation, we all saw one event - the terrible manipulation of the market

Any, even “high-level” fake news, can “raise on its hind legs” the entire market and give it a strong impetus...

And that's now proven that it's being done in the market and those that don't believe in market manipulation just have seen it happened in actuality.

I think if news now appears that the SEC has categorically refused to register a Bitcoin ETF for BlackRock, and has forever forbidden it from considering this matter, there will also be a panic reaction on the market, although probably in the other direction.

There could be a panic but I think that in a positive note, we're all used to the negative news that comes from them and that's why if ever there will be a news like rejection of ETFs, that won't be surprising anymore as we've seen them rejecting these applications like several years ago.

Once again, I apologize for bringing unconfirmed news, and I recommend double-checking all the news that can have a real impact on the entire market! Profit to everyone! 

We all make mistakes and the one who published it has a larger accountability for the reach that their platform has.

[bettercrypto]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

Against this background, bitcoin broke through the $29,000 level. Over the past 24 hours, the asset rose in price by 6.9%, in an hour - by 5.2%, according to CoinGecko. At the moment, the first cryptocurrency exceeded $30,000.

The Block Pro Headlines
@theblockupdates
*SEC, NASDAQ WEBSITES DON'T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL - DESPITE RUMORS ON X - THE BLOCK PRO
https://twitter.com/theblockupdates/status/1713912444328825014


Cryptocurrencies breakthrough and victory or ?

As far as I know, after a few minutes of this being posted on Twitter, many influencers immediately created content about this matter, and it was also immediately verified that it was actually fake news because Blackrock himself said that there was no approval yet. happening here.

But even if it's fake news, millions of dollars were liquidated immediately because of that matter. Even though Cointelegraph said that it was a mistake by their employee because the post on Twitter that was made had no source shown, that means he is not really credible.