- Coin surges then pares gains on fake news over ETF approval
- Incident ‘highlights the challenge of protecting investors’
An erroneous news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs to revitalize its fortunes.
On Monday morning, a rally in the token was quickly reversed after a news report incorrectly asserted that BlackRock Inc. had received the green light to launch a spot exchange-traded fund in the cryptocurrency.
Up Next
Bitcoin ETF Enthusiasts Hit as Fake News Fuels $85 Million Liquidation
Author: Phyllis Richardson
Last Updated: 1698820442
Views: 1492
Rating: 3.5 / 5 (35 voted)
Reviews: 83% of readers found this page helpful
Name: Phyllis Richardson
Birthday: 1988-01-11
Address: 931 Melissa Glens, West Andrewberg, NM 90337
Phone: +4360377185712448
Job: Article Writer
Hobby: Hiking, Embroidery, Traveling, Billiards, Gardening, Ice Skating, Survival Skills
Introduction: My name is Phyllis Richardson, I am a intrepid, fearless, exquisite, candid, strong-willed, Determined, multicolored person who loves writing and wants to share my knowledge and understanding with you.