In the past few weeks, crypto has been in the news once more due to expectations that bitcoin exchange-traded fund (ETF) submissions will be approved by the UK Securities and Exchange Commission (SEC).
On Monday October 16, the bitcoin price skyrocketed due to an industry rumour that Blackrock bitcoin ETFs had been approved (they had not, and news reports that it had been retracted). One week later, on Monday October 23, bitcoin prices jumped again when the iShares bitcoin ETF was listed on the Depository Trust and Clearing Corporation with the ticker ‘IBTC’. This was later described as a standard process in bringing new ETFs to the market and not a confirmation of approval.
