BlackRock has confirmed that its spot#ETFfiling is still under review by the US Securities and Exchange Commission #SEC. #BlackRock's above announcement comes after many rumors said that BlackRock's#Bitcoinspot ETF has been approved by the SEC. - On Cointelegraph at 20:30PM on October 16, the cryptocurrency news site said that iShares' Bitcoin spot ETF has been approved. Immediately, the price of BTC increased nearly 10%. - However, a Bloomberg report confirmed that there is no SEC approval of a Bitcoin ETF at this time and the above news is just a rumor and the BTC price immediately returned to its previous position. One of the top stories in crypto this year was the quest to gain approval for a spot ETF in the United States. Over the past few months, a large number of Bitcoin ETF licensing applications have been submitted to the SEC office from large organizations. BlackRock says its application to operate an#ETFis still under review by the #SEC. This organization believes that 100% of their Bitcoin ETF will be approved.