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Last Updated:
Oct. 16, 2023 at 6:20 PM EDT
Updated 15 hours ago
By
Vicky Ge Huang
, Reporter
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 circulated on the social media platform X.
BlackRock told The Wall Street Journal there hadn’t been a decision on its ETF application. “The iShares Spot Bitcoin ETF application is still under review by the SEC,” said a BlackRock spokesperson.
Crypto news site Cointelegraph first posted the rumor on X, the platform formerly known as Twitter.
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