The price of Bitcoin ([^BTCUSD](https://www.barchart.com/crypto/quotes/%5EBTCUSD/overview)) on Monday surged +10% to a 2-1/4 month high on an erroneous report that BlackRock, the world’s biggest money manager, had won approval from the Securities & Exchange Commission (SEC) to launch a spot Bitcoin exchange-traded-fund (ETF) that allows investors to invest directly in the token. Bitcoin prices soon gave up more than half of Monday’s advance after BlackRock said its Bitcoin ETF application remains under review. BlackRock is among about a dozen companies seeking to offer the first U.S. spot Bitc…