A recent tweet from Cointelegraph suggests that the US SEC has approved BlackRock’s BITCOIN SPOT ETF.
Following this tweet, the price of Bitcoin has jumped over 5% in 5 minutes. The price has almost reached $30000 which has been a strong resistance for a long time.
Ishares ETF approval has been long awaited by traders, as trading volume has surged recently and RSI has reached a complete overbought zone.
Though the price has reversed showing doubt on the news accountiblity.
The news has not been verified by the SEC or BlackRoack as of now. Bloomberg Senior ETF analyst Eric Bulchans has also asked Cointelegraph for the source of the news.
Also Read: What are Bitcoin ETFs? When will the SEC Approve Them?
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