{"id":5433,"date":"2023-10-16T16:19:14","date_gmt":"2023-10-16T16:19:14","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5433"},"modified":"2023-10-16T16:19:14","modified_gmt":"2023-10-16T16:19:14","slug":"bitcoin-etf-news-stirred-things-up","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etf-news-stirred-things-up\/","title":{"rendered":"Bitcoin ETF News Stirred Things Up"},"content":{"rendered":"

Bitcoin ETF News Stirred Things Up! News of the U.S. Securities and Exchange Commission (SEC<\/strong>) allegedly granting approval for a spot Bitcoin ETF, which was later debunked, shook the markets. As a result of this development, the largest cryptocurrency experienced a $2,000 price fluctuation in just 20 minutes. Bitcoin rose from $27,700 level to $30,000 level within minutes. This sudden increase is attributed to the claim the SEC has approved Bitcoin spot ETFs. However, It appears that this claim was false.<\/p>\n

According to Bloomberg analysts: Still Unverified News (Bitcoin ETF News)<\/span><\/h2>\n

While the U.S. media reported news that the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF, two prominent ETF analysts of the financial world, Eric Balchunas and James Seyffart, indicated that they are still unable to verify these news. Balchunas said, “I think I will start a day with the headline ‘Bitcoin spot ETF accepted,’ but it still seems early for this day. I have not been able to verify the news yet.”<\/p>\n

\n

You might like: Governor Newsom Approves New Law in California<\/em><\/b><\/a><\/p>\n

\n

Fox reporter Eleanor Terrett reported that she asked BlackRock<\/strong> company officials about the issue. It says the news was “fake.” They also said they were still investigating the truthfulness of the news.<\/p>\n

Another Bloomberg ETF analyst, James Seyffart also stated this news is “fake.”<\/p>\n

Following these “fake news” claims, Bitcoin rapidly retreated from the $30,000 level and fell back below $28,000<\/strong>. In approximately 20 minutes, the largest cryptocurrency experienced a $2,000<\/strong> increase and showed the same rate of decrease.<\/p>\n

The BlackRock company also stated in its announcement that its application is still under review by the SEC.<\/p>\n

\n

In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin ETF News Stirred Things Up! News of the U.S. Securities and Exchange Commission (SEC) allegedly granting approval for a spot Bitcoin ETF, which was later debunked, shook the markets. As a result of this development, the largest cryptocurrency experienced a $2,000 price fluctuation in just 20 minutes. Bitcoin rose from $27,700 level to $30,000<\/p>\n","protected":false},"author":1,"featured_media":5432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,535,1764,297,39],"class_list":["post-5433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-blackrock","tag-bloomberg","tag-etf","tag-sec"],"yoast_head":"\nBitcoin ETF News Stirred Things Up - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin ETF News Stirred Things Up! 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