Fake news on BlackRock ETF drives up both the price of Bitcoin and the demand for accurate reporting
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City AM
City AM
By Darren Parkin Bitcoin yesterday surged around 7% in just 10 minutes on the rumour of the BlackRock spot ETF being approved by the US Securities and Exchange Commission, the SEC. Cointelegraph posted on X.com – formerly Twitter – that the $9 trillion asset manager had had its highly-anticipated exchange-traded fund approved, and there was an immediate spike in the price of the world’s largest and original cryptocurrency. The publication has since apologised for the misinformation and had vowed to launch an investigation into the wildly inaccurate reporting. Spot ETFs invest directly in under…