#bnbburn #BinanceSquare #bitcoin #Binance Urgent: Bitcoin gains 10% in moments and then loses most of the gains...unconfirmed news takes control!

Investing.com - News emerged from Cointelegraph's social media account that the US Securities and Exchange Commission (SEC) has approved iShares spot Bitcoin trading funds.

Bitcoin is now rising by more than 8% and jumping above the $29,000 levels after this news, which has not yet been confirmed, as it was published only on the Coin Telegraph account, and no news has yet been circulated from any other source confirming the SEC’s approval.

A Bloomberg correspondent specializing in ETFs doubts the veracity of the news. Thanks to this news, Bitcoin succeeded in penetrating the $30,000 level momentarily before losing some of its gains.

It is noteworthy that there are requests to issue spot Bitcoin traded funds submitted by many entities, the most important of which are BlackRock, iShares, and others.

BlackRock announced that its request is still under consideration and the Securities and Exchange Commission has not yet taken any decision regarding it.

Some believe that everything that happened came as a result of incorrect news, as Bitcoin has lost nearly two thousand dollars in profits since the news was published minutes ago and its rise to $30,000 so far, and the rate of rise has declined from 10% to 3.5% now at 16:50 local time. Riyadh.

It is noteworthy that no confirmation or denial has yet been issued by iShares or the Securities and Exchange Commission (SEC).

The journalist responsible for the ETFs file at Bloomberg said in his latest tweet that he discovered news from Reuters revealing the SEC’s approval of the decision to issue a Bitcoin ETF from iShares. However, it has not been published yet.