Bitcoin returns intraday gains as iShares Bitcoin ETF news turns out to be fake

Bitcoin returns intraday gains as iShares Bitcoin ETF news turns out to be fake
фото показано с : invezz.com

2023-10-16 16:46

This story was updated on October 16th, 2023 at 10:15 a.m. ET to include that reports this morning that U.S. SEC has approved iShares Bitcoin Spot ETF has been confirmed as fake.

Bitcoin soared this morning to touch the $30,000 level following reports that Securities & Exchange Commission has approved the iShares Spot Bitcoin ETF.

It has been confirmed as fake news now

Note that iShares is a collection of exchange-traded funds managed by BlackRock – the world’s largest investment management company with more than $9.4 trillion worth of assets under management.

Shortly after, however, it was confirmed as fake news that resulted in a complete pull back in Bitcoin within minutes. The cryptocurrency is trading back near the $28,000 level at writing.

Report that the U.S. regulator has approved BlackRock’s application for a Spot Bitcoin ETF would have been huge considering an exchange-traded fund is expected to materially boost institutional demand for the world’s largest cryptocurrency.

SEC did not appeal recent court order on Grayscale

On the plus side, though, the Securities & Exchange Commission late last week opted not to appeal the earlier court order that said the regulator did not have sufficient reasons to not let Grayscale convert its flagship trust into a Bitcoin ETF.

The court is now scheduled to announce its final mandate by the end of this week – following which, it is likely that Grayscale will be able to convert GBTC into an ETF. The digital currency asset manager is “operationally ready” for the conversion, as per its recent statement.

After Grayscale, it is conceivable that the U.S. SEC will begin to greenlight other Bitcoin ETFs as well which include applications from the likes of BlackRock and Fidelity.

Bitcoin is still down more than 10% versus its year-to-date high.  

The post Bitcoin returns intraday gains as iShares Bitcoin ETF news turns out to be fake appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95539.07 (-0.07%)
Объем 24H $40.596b
Изменеия 24h: -2.00 %, 7d: -7.22 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1892.106b Rank 1
Цена в час новости $ 28100.4 (239.99%)

bitcoin etf ishares approved spot reports fake

Источник: invezz.com

bitcoin etf → Результатов: 126


Инвесторы вывели $288 млн из Bitcoin ETF: анализ ситуации

Bitcoin ETF продолжают терять деньги — за последние пять дней отток средств составил $288 миллионов. Третьего сентября ситуация обострилась: Grayscale Bitcoin Trust потерял $50. 4 миллиона, а Fidelity — $162.

2024-9-6 11:31


Xедж-фонд Millennium Management сообщил, что владеет биткоин-ETF на сумму $2 млрд

Международный хедж-фонд Millennium Management официально сообщил Комиссии по ценным бумагам и биржам США (SEC), что вложил $1,94 млрд в пять различных спотовых биткоин-ETF. Хедж-фонд диверсифицировал свои инвестиции с помощью ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETF, Grayscale Bitcoin Trust, iShares Bitcoin Trust и Fidelity Wise Origin Bitcoin ETF.

2024-5-17 14:18


Grayscale Records Inflows Into Spot Bitcoin ETF For The First Time – Here’s The Best Platform To Trade It

Global asset management company and the world’s largest Bitcoin ETF provider, Grayscale, has recorded new inflows into its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). This development marks a significant milestone for the popular Bitcoin ETF provider, which has consistently experienced millions of dollars in outflows daily.

2024-5-8 12:00


Фото:

VanEck lead charge as Australia prepares for Bitcoin ETF launch

Australia is poised to join the global trend of countries, including the US and Hong Kong, allowing their citizens to invest in Bitcoin exchange-traded funds (ETFs). ASX to approve Bitcoin ETFs Earlier today, Bloomberg reported that the Australian Securities Exchange (ASX) could approve its inaugural batch of spot Bitcoin ETF before the end of the […] The post VanEck lead charge as Australia prepares for Bitcoin ETF launch appeared first on CryptoSlate.

2024-4-29 15:10


Bitcoin ETF Fee Wars Heat Up As Grayscale Mulls Spin-Off; VanEck Slashes Fees To Zero Until 2025

The Bitcoin ETF market has entered a new phase of intense competition as asset managers and issuers strive to attract clients and expand their assets under management (AUM).  Amid this fee war, digital asset manager Grayscale Investments has announced its consideration of a spin-off for its spot Bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust […]

2024-3-13 18:30


Bitcoin ETF Breaks Records: BlackRock’s IBIT Joins Elite ‘$10 Billion Club’ Amidst Soaring Demand

The demand for spot Bitcoin exchange-traded funds (ETFs) has surged since their recent approval on January 10, with BlackRock’s IBIT Bitcoin ETF leading the way. This ETF has reached impressive milestones in less than two months, attracting significant investor interest and opening doors for various market participants to invest in the largest cryptocurrency directly.

2024-3-3 00:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC approves first crypto ETFs combining Bitcoin and Ethereum

The crypto market has reached a significant milestone as the US Securities and Exchange Commission (SEC) approves two groundbreaking exchange-traded funds (ETFs). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF offer a unique proposition, blending spot Bitcoin and Ethereum investments into one streamlined package.