The US Federal Securities and Exchange Commission has approved an application by the leading investment fund BlackRock for an exchange-traded fund for spot trading of bitcoins
New York, USA16 Oct. 2023, 22:44 5835 read 0 comments
Bitcoin rose 10 percent in early trade on Monday, heading for its best daily performance since August, before erasing some of the gains in the afternoon session.
As of 6:44 p.m. Bulgarian time, the most popular cryptocurrency is trading up 4.28 percent to $28,056.14 on the Coindesk platform.
Crypto asset world news outlet Coin Telegraph previously reported that the US Federal Securities and Exchange Commission has approved an application by leading investment fund BlackRock for an exchange-traded fund to trade in spot bitcoin.
Request
However, quotations of the leading cryptocurrency fell sharply after a Fox Business reporter claimed on social media X (X) that BlackRock had confirmed that this was false.
Their request is still being processed. The investment fund later confirmed to Reuters that its request was still being discussed by the regulator. So far, the Federal Securities and Exchange Commission has not responded to requests for comment.
Crypto markets await news of the proceedings. If BlackRock’s request is approved, it will boost investment in the sector.
Follow the latest news with BLITZ and on Telegram. Join the channel here
2023-10-16 19:44:14
#Whats #Bitcoin #cryptocurrency #flight
