The price of Bitcoin rapidly surpassed $28,300 at the time of writing this article. This major news has ignited the rockets of the leading cryptocurrency. If Cointelegraph hasn’t been hacked, according to their latest announcement, the first Spot Bitcoin ETF approval has been granted.
Spot Bitcoin ETF Approval Granted
We previously mentioned that the world’s largest asset management companies were awaiting approval from the SEC. According to an announcement shared by Cointelegraph a few minutes ago, the SEC has approved the iShares Spot Bitcoin ETF. This claim has not been confirmed yet and cannot be accessed on the official website.
Eric Balchunas stated that the news came unexpectedly early, and he is trying to confirm it. Meanwhile, the price of BTC rapidly surpassed $29,000. If the news is confirmed and other ETF applications are also approved, this could lead to an impressive surge in cryptocurrencies, at least in the short term.
However, if Cointelegraph has been hacked or has made this announcement with false information, we may witness a rapid reversal of events. At this stage, the only thing that will confirm the news is the price of BTC. In case of a sudden drop, information about the denial of the news may also circulate.
