iShares Spot ETF Approval Report Proves to be False!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 16, 2023 20:11

The crypto industry is buzzing with the news from Cointelegraph, which reported that the iShares Bitcoin Spot ETF had been approved by the SEC. However, the news later proved to be inaccurate. According to Bloomberg analyst James Seyffart, there was no confirmation of the SEC approving the iShares Bitcoin Spot ETF. BlackRock also confirmed that the news was false and that their application is still under review. Despite the false reports, many in the industry are still hopeful that approval for a Bitcoin ETF will come in the near future.