The Fake Bitcoin ETF News Was A Fire Drill

Now we know how the market will react to the real thing.

Joe Consorti

and

Nik Bhatia

Oct 17, 2023

∙ Paid

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Good morning, TBL readers ☕

Monday morning, bitcoin proponents collectively gasped as news broke that iShares/Blackrock’s spot bitcoin ETF application had been approved by the SEC. This turned out to be a false alarm, as we’d speculated during the fleeting moments of uncertainty, considering that Bloomberg had not reported on the matter, and the SEC had not issued a press release.

The Fake Bitcoin ETF News Was A Fire Drill

Now we know how the market will react to the real thing.

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