Bitcoin

James

<div class="cryptonews">
 <p class="is-style-lead">Bitcoin rallied to $30,000 on <a rel="noopener noreferrer nofollow" title="rumors" href="https://thebittimes.com/tag/rumors.html">rumors</a> that the Securities and Exchange Commission (SEC) has approved the iShares Bitcoin spot ETF.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin (BTC) skyrocketed in a flash on Oct. 16 following speculations that the SEC approved the first spot Bitcoin ETF in the U.S.</p>
 <p>Crypto news site CoinTelegraph was the first to report the news, however, ETF analysts like James Seyffart clarified that <a rel="noopener noreferrer nofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> has yet to be confirmed. Seyffart also debunked the news that BlackRock’s filing was approved by the SEC.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <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. https://t.co/QIxhP2AfoO</p>— James Seyffart (@JSeyff) October 16, 2023
   </blockquote>
  </div>
 </figure>
 <p>While the SEC’s website did not show an approved spot Bitcoin ETF at press time, Bloomberg’s Eric Balchunas cited two distinct headlines on the Reuters terminal pointing to possible confirmation.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Whoa, Reuters is reporting SEC is approving the iShares Bitcoin ETF, this is via Benzinga and an actual headline on the terminal. I still want more confirmation but this is second source saying this.. pic.twitter.com/jAEOLxXYcg</p>— Eric Balchunas (@EricBalchunas) October 16, 2023
   </blockquote>
  </div>
 </figure>
 <p><strong><em>This is a developing story and we will update this article as updates emerge.</em></strong></p> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/breaking-btc-prices-surges-on-rumors-of-bitcoin-etf-approval-tbt66561.html">https://thebittimes.com/breaking-btc-prices-surges-on-rumors-of-bitcoin-etf-approval-tbt66561.html</a></p>

Breaking: BTC prices surges on rumors of Bitcoin ETF approval

TheBitTimes

Other articles published on Oct 16, 2023

How to Create a BTC Wallet

Blockchain work innovator HUMAN Protocol launches Web3 event - Newconomics - alongside Web Summit...

JP Morgan strategist expects 20% market correction; whales bullish on Render and InQubeta

FTX Trial: SBF Used Stolen Funds As Political Donations

VPN users in Tanzania could face up to 12 months in prison, here is why

BlackRock and Barclays Pioneer JPMorgan’s Blockchain for Collateral Settlements

Join our free newsletter for daily crypto updates!