BlackRock Says SEC Hasn’t Approved Its Bitcoin ETF

The price of bitcoin surged to nearly $30,000 Monday morning after a false rumor that the Securities and Exchange Commission approved BlackRock’s spot bitcoin ETF application started circulating on the social media platform X. BlackRock told The Wall Street Journal there hadn’t been a decision on its ETF application. “The iShares Spot Bitcoin ETF application is still under review by the SEC,” said a BlackRock spokesperson.