Bitcoin holders profited this week amidst a flurry of industry announcements—both real and apocryphal—about the industry’s elusive hunt to get a spot Bitcoin ETF greenlit by the SEC. 

Bitcoin’s price received an intraday boost of 10% on Monday, after crypto publication Cointelegraph falsely tweeted that TradFi asset management titan BlackRock had been approved to launch a U.S. Bitcoin spot ETF. Several journalists, including Fox’s Eleanor Terrett and Bloomberg’s James Seyffart dispelled the rumors.

Cointelegraph later owned up to the mistake in a tweeted announcement:

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Author: Tim Hakki

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