{"id":85785,"date":"2023-10-16T16:35:52","date_gmt":"2023-10-16T13:35:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85785"},"modified":"2025-09-13T01:26:10","modified_gmt":"2025-09-12T22:26:10","slug":"bitcoin-breaches-30000-on-rumors-of-blackrock-etf-approval","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-breaches-30000-on-rumors-of-blackrock-etf-approval\/","title":{"rendered":"Bitcoin breaches $30,000 on rumors of BlackRock ETF approval"},"content":{"rendered":"<p>On October 16, Cointelegraph reported that the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> approved the spot Bitcoin-<a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-bitkoin-etf\" target=\"_blank\">ETF<\/a> from <a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/nasdaq\/2023\/34-98610.pdf\" target=\"_blank\">BlackRock<\/a>. Amid the rumors, the price of the leading cryptocurrency rose above $30,000, but the outlet later deleted the post.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">IT&#8217;S GONE <a href=\"https:\/\/t.co\/IoU3e07wwn\">pic.twitter.com\/IoU3e07wwn<\/a><\/p>\n<p>\u2014 Josh (@CryptoWorldJosh) <a href=\"https:\/\/twitter.com\/CryptoWorldJosh\/status\/1713919747342073950?ref_src=twsrc%5Etfw\">October 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">October 16, 2023 | 17:49<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>As of writing, the price had retraced to around $28,175.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"676\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_17-48-00-1-1024x676.png\" alt=\"BTCUSDT_2023-10-16_17-48-00-1\" class=\"wp-image-218020\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_17-48-00-1-1024x676.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_17-48-00-1-300x198.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_17-48-00-1-768x507.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_17-48-00-1.png 1335w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n<p>On this basis, Bitcoin briefly exceeded $29,000. Over the past 24 hours the asset rose about 6.9%, in an hour \u2014 about 5.2%, according to <a href=\"https:\/\/www.coingecko.com\/ru\">CoinGecko<\/a>. At one point the first cryptocurrency topped $30,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"742\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_16-39-23-1024x742.png\" alt=\"BTCUSDT_2023-10-16_16-39-23\" class=\"wp-image-218002\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_16-39-23-1024x742.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_16-39-23-300x217.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_16-39-23-768x556.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-10-16_16-39-23.png 1216w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BINANCE\" title=\"\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The Block, citing SEC and Nasdaq websites, has not yet confirmed reports of a BlackRock BTC ETF approval.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">*SEC, NASDAQ WEBSITES DON&#8217;T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL \u2014 DESPITE RUMORS ON X \u2014 THE BLOCK PRO<\/p>\n<p>\u2014 The Block Pro Headlines (@theblockupdates) <a href=\"https:\/\/twitter.com\/theblockupdates\/status\/1713912444328825014?ref_src=twsrc%5Etfw\">October 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A Bloomberg analyst James Seyffart said he regards the news as fake. He cited sources at the agency, BlackRock, the SEC, and &#8220;other places&#8221;, saying, &#8220;this is not true.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Okay. Have a few different sources including Bloomberg reporters with sources at BlackRock, SEC and other places. Can confidently say that this is not true. <a href=\"https:\/\/t.co\/QIxhP2AfoO\">https:\/\/t.co\/QIxhP2AfoO<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/1713915065303199869?ref_src=twsrc%5Etfw\">October 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>No corroborating documents were publicly available. Several outlets reported, citing BlackRock, that the news was fake.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: BlackRock <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF application is still under review, says company. Reports of approval are false. \u2014 Fox Business<\/p>\n<p>\u2014 Breaking Whale (@BreakingWhale) <a href=\"https:\/\/twitter.com\/BreakingWhale\/status\/1713917306554704066?ref_src=twsrc%5Etfw\">October 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a comment to The Block, BlackRock representatives said their application remains under review by the SEC. CoinDesk likewise confirmed.<\/p>\n<p>Later, Cointelegraph apologized for the tweet that led to the dissemination of inaccurate information about the BlackRock Bitcoin ETF.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF. <\/p>\n<p>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\u2026<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1713925876969017792?ref_src=twsrc%5Etfw\">October 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>In the current situation, an internal investigation is underway, the statement says.<\/p>\n<\/blockquote>\n<p>BlackRock <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/news\/smi-blackrock-podast-zayavku-na-zapusk-bitkoin-etf\" target=\"_blank\">submitted<\/a> an application to the SEC for an investment product based on digital gold on June 15. Following the financial giant, similar requests were <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/news\/valkyrie-podala-zayavku-na-registratsiyu-spotovogo-bitkoin-etf\" target=\"_blank\">made<\/a> by <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/news\/valkyrie-podala-zayavku-na-registratsiyu-spotovogo-bitkoin-etf\" target=\"_blank\">Valkyrie<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/news\/fidelity-investments-podala-zayavku-na-zapusk-bitkoin-etf\" target=\"_blank\">Fidelity Investments<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/news\/wisdomtree-i-invesco-podali-zayavki-na-zapusk-bitkoin-etf\" target=\"_blank\">WisdomTree<\/a> and Invesco.<\/p>\n<p>So far the regulator has not granted any approvals for launching spot ETFs on digital gold. The Commission did make an exception for similar products based on Bitcoin futures from <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/sec-odobrila-pervyj-fyuchersnyj-bitkoin-etf\/\" target=\"_blank\">ProShares<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/u1f987.com\/sec-odobrila-fyuchersnye-bitkoin-etf-ot-vaneck-i-valkyrie-investments\/\" target=\"_blank\">Valkyrie Investments<\/a>.<\/p>\n<p>As noted, in September SEC Chair Gary Gensler told Congress that the agency continues to study the court decision in the Grayscale case, as well as numerous applications for spot Bitcoin ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 16, Cointelegraph reported the SEC&#8217;s approval of a spot Bitcoin ETF from BlackRock. Amid the rumors, the price of the leading cryptocurrency rose above $30,000, but the outlet later deleted the post.<\/p>\n","protected":false},"author":1,"featured_media":85786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,128,1211],"class_list":["post-85785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85785"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85785\/revisions"}],"predecessor-version":[{"id":85787,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85785\/revisions\/85787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85786"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}