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The Times of India
The Times of India
Business
Bloomberg

Bitcoin jumps as much as 10%, then slides after BlackRock's ETF clarification

BlackRock Bitcoin ETF Crypto Cryptocurrency Grayscale SEC

Bitcoin reversed an earlier gain of as much as 10% after BlackRock said that its application for an exchange-traded fund that invests directly in the cryptocurrency is still under review.

“The iShares Spot Bitcoin ETF application is still under review by the SEC,” a spokesperson said. Bitcoin was up about 3% to $28,000 as of 10:12am in New York on Monday after briefly jumping to $30,000.

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