Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">BlackRock CEO Larry Fink commented on the pending consideration of the application for a Bitcoin ETF after rumors about its approval.</p>
 <p>In a conversation with FOX News, he commented on rumors about the approval of the application after the corresponding publication by Cointelegraph.</p>
 <blockquote class="wp-block-quote">
  <p>“I can’t talk about the specifics of anything, I think it’s just an example of the pent-up interest in crypto. We are hearing from clients around the world about the need for crypto.”</p> <cite>Larry Fink, Blackrock CEO</cite>
 </blockquote>
 <p>On Oct. 16, rumors that the US Securities and Exchange Commission (SEC) had given the green light to a spot Bitcoin ETF pushed the price of BTC to $30,000.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news
 </div>
 <p>Many crypto community members&nbsp;believed that the launch of the tool could support the growth of the digital asset market. Therefore, the Cointelegraph news quickly spread across the network and provoked a rise in Bitcoin (BTC) to $30,000.</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">Dear community, we hold ourselves to high journalistic standards and consider it important to address the mistakes we make with full transparency. Here is what happened today regarding the tweet about the BlackRock Bitcoin ETF: https://t.co/JMIMaxXUG0</p>— Cointelegraph (@Cointelegraph) October 16, 2023
   </blockquote>
  </div>
 </figure>
 <p>However, after BlackRock denied this information, the main cryptocurrency returned to $28,000.</p>
 <p>Even though the news was quickly exposed, traders lost $190 million on market movements. In addition, according to members of the crypto community, the incident put an end to Cointelegraph’s reputation.</p>
 <p>It is still unclear when the SEC will approve a spot Bitcoin ETF. The regulator has repeatedly delayed the consideration of applications for opening exchange-traded funds.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Whale bought $5.7b in BTC futures amid Bitcoin ETF fake news
 </div> <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/crypto-demand-evident-amid-etf-fake-news-blackrock-ceo-says-tbt66658.html">https://thebittimes.com/crypto-demand-evident-amid-etf-fake-news-blackrock-ceo-says-tbt66658.html</a></p>

Crypto demand evident amid ETF fake news, BlackRock CEO says

TheBitTimes

Other articles published on Oct 17, 2023

Revolutionizing Recycling: Roland Berger and The DFINITY Foundation’s Blockchain-Powered VRC Init...

Federal Reserve governor dampens prospects for future CBDC

PROTECT AAVE BORROW WITH METALSWAP - USE CASE

Binance US-FDIC Agreement Ended! Customer Funds Are No Longer Insured!

Sui Price Prediction 2023: Can SUI Crypto Price Crash More?

Changes Made in the Definition of Disposable Capital in the UK

Join our free newsletter for daily crypto updates!