- CoinGlass reported that $72 million worth of short positions were liquidated on the spike higher from the false SEC approval news
- US Government holds around 200,000 bitcoins, worth over $5 billion
- SEC refrains from asking court to change decision on Grayscale bitcoin ETF
Bitcoin’s surge above $30,000 quickly disappeared after Blackrock refuted earlier reports that the SEC approved their spot Bitcoin ETF. Cointelegraph earlier tweeted a Bitcoin ETF was approved and has since issued an apology and announced an internal investigation. Blackrock was quick to correct the misinformation on CNBC.
Bitcoin is still higher by 4.5% on the day as optimism remains that Bitcoin is still getting close to that elusive SEC spot Bitcoin approval. Bitcoin has been trapped in a frustrating range since the spring. Crypto adoption has struggled and competition from Central Bank Digital Currencies are growing.
Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.
If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.
Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.
© 2025 OANDA Business Information & Services Inc.
