This Week on Crypto Twitter: Fake ETF News Pumps Bitcoin
The post This Week on Crypto Twitter: Fake ETF News Pumps Bitcoin appeared on BitcoinEthereumNews.com. 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. Because the tweet has since been deleted. Putting this here for posterity purposes. Only regret is that i waited ~15 min to tweet what was my gut instinct. pic.twitter.com/8PeLTzkxfw — James Seyffart (@JSeyff) October 16, 2023 Cointelegraph later owned up to the mistake in a tweeted announcement: 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 investigation with the public once it is… — Cointelegraph (@Cointelegraph) October 16, 2023 Several crypto fans imagined the reactions of SEC Chair Gary Gensler to the whole debacle. Gensler is an avowed crypto skeptic whose “regulation by enforcement” style has been widely called out by the industry, as well as sympathetic lawmakers in Washington. Gensler about to nuke all the bitcoin etf applications because of market manipulation Thank you for your service — Danny Nelson (@realDannyNelson) October 16, 2023
The post This Week on Crypto Twitter: Fake ETF News Pumps Bitcoin appeared on BitcoinEthereumNews.com.
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. Because the tweet has since been deleted. Putting this here for posterity purposes. Only regret is that i waited ~15 min to tweet what was my gut instinct. pic.twitter.com/8PeLTzkxfw — James Seyffart (@JSeyff) October 16, 2023 Cointelegraph later owned up to the mistake in a tweeted announcement: 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 investigation with the public once it is… — Cointelegraph (@Cointelegraph) October 16, 2023 Several crypto fans imagined the reactions of SEC Chair Gary Gensler to the whole debacle. Gensler is an avowed crypto skeptic whose “regulation by enforcement” style has been widely called out by the industry, as well as sympathetic lawmakers in Washington. Gensler about to nuke all the bitcoin etf applications because of market manipulation Thank you for your service — Danny Nelson (@realDannyNelson) October 16, 2023
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