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The cryptocurrency market was thrown into a frenzy as Bitcoin's price surged over 10% following misinformation that the US Securities and Exchange Commission (SEC) had approved a spot Bitcoin exchange-traded fund (ETF) by BlackRock. The false news, which originated from Cointelegraph, caused over $50 million in Bitcoin shorts to be liquidated before BlackRock dismissed the reports. This event highlighted the market's vulnerability to news-driven volatility and the heightened anticipation for ETF approvals, including those of Grayscale and iShares-Blackrock.
Cointelegraph: "SEC approves Bitcoin ETF!" Bitcoin: *Jumps to $30,000* Cointelegraph: "lol jk" Bitcoin: *crashes* https://t.co/Fu0FGAUtJf
This morning Cointelegraph tweeted out that a Blackrock Bitcoin ETF had been approved causing the Bitcoin price to rocket to almost $30,000. This turned out to be catastrophically incorrect and Cointegraph’s response was “Oopsie.” We would love to see if they had margin positions https://t.co/pD3iFHRgHT
Bitcoin briefly spiked 10% after a false report said the SEC approved BlackRock's spot bitcoin ETF https://t.co/yBmuwayGuq
The world’s largest Bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an ETF centered on the token could soon launch https://t.co/bsK2qE9GWJ
The price of $BTC rose to about $30K on Monday after a tweet falsely said that the SEC had approved the spot bitcoin ETF application from BlackRock. @BrandyBetz reports https://t.co/HeNsYQq7m9
Cointelegraph edited and eventually deleted the Twitter message announcing that the iShares-Blackrock ETF application had been approved, but not before Bitcoin surged by 10%. https://t.co/JsPGeqn6h2
Grayscale's Bitcoin trust is trading at a discount of 14% as its shares moved higher after SEC decides not to appeal. https://t.co/VQhfX7ZPvz https://t.co/VQhfX7ZPvz
Bitcoin rose more than 10% on speculation that the US Securities and Exchange Commission approved an exchange-traded fund that invests directly in the cryptocurrency. https://t.co/x7mmKR8jo7
The world’s largest Bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an ETF centered on the token could soon launch https://t.co/AmBNtrjXPK
Bitcoin gives up gains after BlackRock denies ETF approval report https://t.co/mHy0IwgJ44 https://t.co/wX69ArrUN2
Bitcoin suddenly jumped to $30,000 on a false spot ETF approval report report. It then almost immediately sank back to $28,000 after the report was dismissed. Reporting by @oknightcrypto and @shauryamalwa https://t.co/qbkn35W54J
Cryptocurrencies rise, sending bitcoin over $30,000 at one point, on optimism for a new ETF https://t.co/PTz1OqWzAw
Bitcoin rose more than 10% on speculation that the US Securities and Exchange Commission approved an exchange-traded fund that invests directly in the cryptocurrency. https://t.co/s47BTNpbd2
$65 million $BTC liquidated within minutes following fake reports that BlackRock's Spot Bitcoin ETF was approved. https://t.co/VOdlkL73pE
Cointelegraph intern adding "reportedly" to the ETF approval tweet after it generated $35b in volume and $100m liquidations. https://t.co/lmoZ2c3NPh
NEW: Over $50M in #Bitcoin shorts were liquidated on the fake BlackRock spot ETF approval news 👀 Many traders were caught off guard 😮 Put your #Bitcoin in cold storage to sit back and relax until the real pump begins 💪 https://t.co/eofX4u7gdV
JUST IN: $65 million $BTC liquidated within minutes following fake reports that BlackRock's Spot #Bitcoin ETF was approved. https://t.co/Uxb6pCfhdu
NEW: Bitcoin rose more than 10% on speculation that the US SEC approved an exchange-traded fund that invests directly in the cryptocurrency https://t.co/m9vytacko9 https://t.co/HccoYRouIq
Bitcoin Tops $30k After Reports SEC Approved Spot ETF; Ed Snowden Says 'Focus On Crypto Fundamentals' https://t.co/TR7qT8QtBO
#BTC Nears $28,000, as Hopes for Grayscale ETF Rise https://t.co/DyQaVQx28E
Bitcoin jumps on the possibility of Grayscale's spot ETF approval, while GBTC's discount to NAV narrowed to a two year low. @LedesmaLyllah and @godbole17 report in First Mover Americas. https://t.co/6XKYRqHQiO
Bitcoin Jumps to Near $28K as Bulls Bet on ETF Approval - Coindesk https://t.co/kBSLuvY9wo
GBTC discount to NAV hits lowest level since 2021 as SEC elects not to appeal Grayscale ruling https://t.co/jefiOLUDgt
Grayscale Bitcoin Trust (GBTC) is seeing its smallest discount in nearly two years amid growing anticipation for potential approval of spot Bitcoin ETFs in the U.S. https://t.co/oD9lcqc28O
$GBTC traded at a 15.87% discount to the trust's net-asset value on Friday as @SECGov did not challenge its recent loss against Grayscale over spot ETF conversion. Reports @godbole17. https://t.co/aSuKdWz793
$BTC sprung to near $28,000 as bitcoin bulls jumped in to action, placing bullish bets on renewed hopes of a spot ETF approval. By @shauryamalwa. https://t.co/9ZtWDUzlOH