NurPhoto / Contributor
- Bitcoin briefly popped 10% on Monday after a false report said the SEC approved a spot bitcoin ETF from BlackRock.
- BlackRock told Bloomberg that its ETF is, in fact, still under review by the SEC.
- Crypto investors have been holding out hope for a spot bitcoin ETF for years, to no avail.
The price of bitcoin briefly spiked as much as 10% on Monday after a false report said that the Securities and Exchange Commission had approved the first spot bitcoin ETF from BlackRock.
In a now deleted tweet, crypto-focused news outlet CoinTelegraph had reported on Twitter "BREAKING: SEC APPROVES ISHARES BITCOIN SPOT ETF."
BlackRock owns and operates the iShares ETF brand.