Kenne Michael 
Bitcoin’s value rose above $30,000 in response to this announcement, indicating a favorable market reaction to the prospective introduction of this new investment vehicle.
However, the authenticity of this news remains unconfirmed, causing the crypto community to exercise some caution.
Eleanor Terrett, a spokesperson for Blackrock, verified that the company was contacted and that the request was denied.
🚨BlackRock has just confirmed to me that this is false. Their application is still under review. https://t.co/XIfIWZ0Ule
— Eleanor Terrett (@EleanorTerrett) October 16, 2023
This inconsistency has generated uncertainty and rumors regarding the actual status of the iShares Bitcoin spot ETF.
Bloomberg analyst Seyffart added nuance to the situation by suggesting that the purported consent may not accurately reflect the current reality.
This industry expert’s cautious assessment emphasizes the need for exhaustive verification and vigilance before drawing definitive conclusions regarding the SEC’s decision and its potential repercussions on the cryptocurrency market.
I believe this to be fake news.
While this would be positive for the things we've been saying. I can't find anything that would confirm this at the moment. #Bitcoin https://t.co/gVGGUsBfga
— James Seyffart (@JSeyff) October 16, 2023
The prospective approval of an iShares Bitcoin spot ETF has attracted intense interest from both the crypto community and traditional investment circles.
Meanwhile, this could represent a significant step toward mainstream adoption and incorporation of digital assets into the larger investment landscape if confirmed.
Considering the inherent volatility of the cryptocurrency market and the potential impact of unverified news on market sentiments, investors and stakeholders are advised to exercise caution and prudence as the situation continues to develop.
The final affirmation or denial of the SEC’s approval for the iShares Bitcoin spot ETF is anticipated to provide clarity and direction for Bitcoin’s and the cryptocurrency market’s future trajectory.