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A false tweet claiming the approval of BlackRock's spot Bitcoin ETF sparked a brief 10% rally in Bitcoin and triggered $100M worth of liquidations. The tweet, posted by Cointelegraph, led to an internal investigation and an apology from the publication. The incident has raised questions about the crypto industry's readiness for the arrival of mass-market ETFs and the role of social media in disseminating accurate information. The SEC's decision on spot Bitcoin ETFs is eagerly awaited, with experts suggesting that approval could lead to billions of dollars flowing into the market. Fidelity has also filed an updated version of its spot Bitcoin ETF application after SEC feedback, adding to the anticipation.
"As soon as I tell someone my startup is related to crypto, they clench up." Ahead of Sam Bankman-Fried's trial and nearly a year after FTX's collapse, the industry is still reeling https://t.co/76SM54nXwH
"As soon as I tell someone my startup is related to crypto, they clench up." Ahead of Sam Bankman-Fried's trial and nearly a year after FTX's collapse, the industry is still reeling https://t.co/62igVpgvkO
I realize I'm in the minority, but I still think the SEC hasn't given up its bitcoin ETF fight.
Crypto company executives foresee approval of spot Bitcoin ETF following Grayscale's court victory in SEC case. https://t.co/8u3TG4BQAX https://t.co/8u3TG4BQAX
How Likely is the SEC to Approve Bitcoin Spot ETF This Year? https://t.co/ahJT49FEQD @VitalikButerin @ethereum @Binance @bitfinex @coinbase @krakenfx @HTX_Global @okx @Bybit_Official @CurveFinance @Uniswap @FTX_Official @SBF_FTX @Tether_to
Is there any % chance that ETH ETF gets approved before BTC ETF? lets stir the pot
When will the spot Bitcoin ETF's get approved?
JUST IN - $10 trillion BlackRock just filed an updated spot #Bitcoin ETF application after SEC feedback. Now all eyes on the SEC 👀 https://t.co/dA3PS9dlij
The SEC is constantly in the news now for bitcoin ETFs. We are close, friends.
"As soon as I tell someone my startup is related to crypto, they clench up." Ahead of Sam Bankman-Fried's trial and nearly a year after FTX's collapse, the industry is still reeling https://t.co/NG0eMdnNln
ICYMI: Grayscale chief legal officer says spot bitcoin ETF is a matter of when, not if https://t.co/3r98R7UYbv
GENSLER: SEC STILL SPEAKING WITH FIRMS SEEKING SPOT #BITCOIN ETF
⚠️GENSLER: SEC STILL SPEAKING WITH FIRMS SEEKING SPOT BITCOIN ETF
BlackRock CEO Larry Fink talked about false rumor that he believes that crypto will play that type of role as a flight to quality. He believes more people are running toward quality assets in general, including treasuries, gold, or crypto. “I believe that crypto will play that… https://t.co/SoXonLEg6u
When will the Bitcoin Spot ETF actually be approved? The two leading experts on the topic joined me to discuss - @EricBalchunas @JSeyff. How much more pain is coming for the crypto market, especially altcoins? @intocryptoverse explains. EPIC STREAM! https://t.co/MxUPZBMnYq
#Blackrock CEO Larry Fink Sees Global Demand and 'Pent-up Interest in #Crypto' Amid #IsraelHamas War https://t.co/g4pZiJ0EXI
JUST IN - $4.5 trillion Fidelity filed an updated version of its spot #Bitcoin ETF application after SEC feedback. Now all eyes on the SEC 👀 https://t.co/4HRcDjV5Xy
So you’ve probably heard about the bitcoin spot ETFs and impending approval dates? All October deadlines have been delayed Keep an eye on these dates 🧐 Lets jump into why the bitcoin spot ETF matters👇 https://t.co/IqzSFQBQph
We’re LIVE discussing:- Aftermath of yesterday’s Bitcoin ETF news fakeout - The convergence of Bitcoin and AI - The News and Media’s coverage of Bitcoin over time With the one and only @nlw ⚡️ Tune in 👇 https://t.co/peCQK82LX2
A fake news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs https://t.co/da5LLH3EBW
Clients across the globe are talking about “the need for crypto,” said Larry Fink, CEO of asset management giant BlackRock on Monday. @LedesmaLyllah writes https://t.co/IvLT0yHc6T
A fake ETF approval report sent Bitcoin soaring, then plummeting. This rollercoaster ride shows the crypto market's sensitivity to rumors https://t.co/qJSCrxDoMz
Just dropped a new post to our newsletter 📩 The Fake Bitcoin ETF News Was A Fire Drill This fake spot Bitcoin ETF approval news was a fire drill. That is to say, it may have been fake news, but the market's reaction to that news was real. Read it ⬇️ https://t.co/8oUsrjpsN1 https://t.co/mfDnv9GcVc https://t.co/HAgKEhAhSq
"The probability of a spot ETF approval has gone up pretty tremendously" following the SEC's court loss, Citzens JMP Securities' Devin Ryan says. "If there is an approval,... you're going to see tens or hundreds of billions of dollars come in over the long term." https://t.co/8U9euFsFk0
NEWS: “I think it's just an example of the pent-up interest in crypto,” Fink said of spot bitcoin ETF approval rumors https://t.co/U6KgUSPCkD
Clients are telling @BlackRock about "the need for crypto" says chief Larry Fink, who then likened Bitcoin to gold and other safe haven assets https://t.co/G98RzA9OBK https://t.co/G98RzA9OBK
❗Cointelegraph published a post-mortem explaining how it came to publish a tweet falsely claiming the SEC had approved BlackRock's spot Bitcoin ETF. The ensuing market action was estimated to have triggered $100M worth of liquidations. Read More: https://t.co/DXgC6KBXrz https://t.co/W1ePo0kftc
❗Cointelegraph published a post-mortem explaining how it came to publish a tweet falsely claiming the SEC had approved BlackRock's spot Bitcoin ETF. The ensuing market action was estimated to have triggered $100M worth of liquidations. Read More: https://t.co/DXgC6KBXrz
I'm hearing the Bitcoin ETF is getting approved tomorrow morning at 9:31am EST. Big, if true.
Larry Fink, CEO of BlackRock, says he believes crypto is a "flight to quality" BlackRock is about to launch a spot BTC ETF alongside a host of other asset managers and they will be shilling this product to their massive client bases And you're still bearish?
Cointelegraph’s ‘Inaccurate’ Tweet Sends Crypto Markets Rocketing https://t.co/yP9mMYuILA
NEW: Cointelegraph issues explanation for today’s spot #Bitcoin ETF misinformation. Their editorial team learned of the rumored news from a Telegram channel used by Cointelegraph employees to find potential reader-worthy stories. In a haste to share the updates, Employee 2… https://t.co/cnwyh6nBL9 https://t.co/usAtYwLipt
#Bitcoin jumped over 10% in minutes today on rumors that the SEC approved a spot ETF. Imagine when it's real 🚀
ICYMI: Cathie Wood says it’s Gensler who’s ‘standing in the way’ of spot bitcoin ETFs https://t.co/YtPUkuXau9
A fake news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs https://t.co/1GITDOXD5X
A fake news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs https://t.co/vPs37iAGvT
Is it crunch time for the SEC to decide on a spot-Bitcoin ETF? @kaileyleinz reports https://t.co/G6oK0NuUzD https://t.co/0DhQatZ63f
Is it crunch time for the SEC to decide on a spot-Bitcoin ETF? @kaileyleinz reports https://t.co/bBssvCq1YW https://t.co/nkdqwpJeHe
Is it crunch time for the SEC to decide on a spot-Bitcoin ETF? @kaileyleinz reports https://t.co/MAnUZK4eeb https://t.co/4zH3vXL25y
Is it crunch time for the SEC to decide on a spot-Bitcoin ETF? @kaileyleinz reports https://t.co/5zD9cqpmCQ https://t.co/n4zZpJQZrH
Is it crunch time for the SEC to decide on a spot-Bitcoin ETF? @kaileyleinz reports https://t.co/fHRVYcyvpe https://t.co/gh4YMtl1oJ
A fake news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs https://t.co/NKTaZpdBOD
The editor in chief of Cointelegraph, Kristina Lucrezia, in Dubai, with Mario Nawfal, saying that the FALSE Bitcoin ETF story they posted this morning was “Not a problem with journalism but A PROBLEM WITH SOCIETY!” 😂💀 🤡 https://t.co/IBDwZiIqEu
$10 trillion BlackRock CEO on FOX: Today's rally is "way beyond the rumor" of a spot #Bitcoin ETF approval. "It's about a flight to quality" https://t.co/BLit5DcPmt
JUST IN: BlackRock CEO Larry Fink says crypto will play a role as a flight to quality. https://t.co/epxg0xx95g
"The time is right for a spot bitcoin ETF," Bitwise CIO @Matt_Hougan says. "The SEC has previously been worried about market manipulation, about a lack of maturity in the market, but the bitcoin market of today is not the bitcoin market of a few years ago." https://t.co/sIBRQ0EmhT
One thing is for sure. Whoever thinks the ETF is already priced in has just been proven wrong. Expect a +20% day move when approved.
Did you know that there are 330,000 financial advisors in America? The % of Americans that own crypto will skyrocket once the ETF is approved, which will make it untenable for politicians and regulators to unduly oppose it. It's only a matter of time.
Let's imagine for a moment that the spot BTC ETF approval was not fake news, but an early leak 👀
Crypto twitter this morning: An obviously-likely-false report/tweet that the SEC approved a spot bitcoin ETF Credulously shared across CT as true Quickly denied by the ETF sponsor And then, the icing on the cake: Multiple bad CT takes on this series of events 1/2
wowwwww i missed the fake btc etf approval pump
JUST IN - Cathie Wood on spot ETF: The SEC "really understands #Bitcoin and its merits." It's mainly "Gary Gensler standing in the way" 👀 https://t.co/xUQ1aciR96
Todays fake news about the ETF approval shows how unprepared everyone is once they all are finally approved. It’ll be up only.
Honestly, the SEC’s failure to approve a Bitcoin spot ETF is what allowed this to happen. If they would have done their job and allowed one, a fake announcement wouldn’t have made a dent
⚠️ @Cointelegraph Statement: **We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF. **An internal investigation is currently underway. **We are committed to transparency and will share the findings of the… https://t.co/l9QCP025xB