Finance journalist Eleanor Terrett wrote on X:
“BlackRock has just confirmed to me that this is false. Their application is still under review.”
The price of Bitcoin falls | Source: TradingView
Due to the volatility brought by the rumors, trades worth over $105.28 million were liquidated in one hour. Specifically, $32.03 million in longs and $73.25 million worth of short trades were liquidated
Bitcoin liquidations | Source: Coinglass
The crypto media publication Cointelegraph issued an apology after breaking the news and said it is conducting an internal investigation into the error. It wrote on X (Twitter):
“We apologize for a tweet that led to the dissemination of inaccurate information regarding the BlackRock Bitcoin ETF.
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 concluded.”
Meanwhile, analysts believe there is a high possibility of the approval of spot Bitcoin ETF. The SEC has decided not to appeal an order requesting it to review Grayscale’s application to turn its Bitcoin Trust into an ETF.
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