Global investment management giant BlackRock has refuted recent claims suggesting that the U.S. Securities and Exchange Commission (SEC) had approved its proposed iShares Bitcoin (BTC) spot exchange-traded fund (ETF).
The initial excitement sparked by fake reports of the alleged SEC approval was swiftly dampened as the firm clarified that the news was false. According to the firm’s statement, the SEC is still reviewing their application, dispelling the premature celebrations within the community. The decision is yet to be made with other pending ETF approval proposals.
The incident underscored the critical role of regulatory oversight and the need for accurate information dissemination to prevent unwarranted market volatility in the rapidly evolving cryptocurrency landscape.
