On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake, the value of BTC soared over 10% against the U.S. dollar, without any official confirmation from either the SEC or Blackrock.
Unverified Blackrock ETF News Sends Bitcoin Skyrocketing; Cointelegraph Faces Backlash
In the unpredictable universe of cryptocurrencies, a piece of fabricated news sent the market into a significant upswing. The false report claimed that Blackrock’s spot bitcoin ETF received approval, which led to Bitcoin’s price rocketing from $27,700 per coin to a hefty $29,900 following Cointelegraph’s viral social media post on X.
Yet, the news was entirely unfounded, as Fox News reporter Eleanor Terrett revealed that Blackrock verified the news as “false,” clarifying that
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