Bitcoin gains 10% in moments and then loses most of the gains

News came out from the account of the Coin Telegraph newspaper on the social networking site X revealing the approval by the US Securities and Exchange Commission SEC of instant bitcoin contract trading funds provided by iShares.
Bitcoin is now climbing by more than 8% and jumping above the levels of 29 thousand dollars after this news, which has not yet been confirmed, as it was published only on the Coin Telegraph account and no news has yet been circulated from any other source confirming the approval of the SEC Commission.
A Bloomberg reporter specializing in mutual funds questioned the veracity of the news. Thanks to this news, Bitcoin managed to break through the level of 30 thousand dollars for a moment before losing some of its gains.
It is reported that there are issuance requests for instant bitcoin ETFs submitted by many parties, the most important of which are BlackRock, iShares and others.
BlackRock announced that its application is still under consideration and the SEC has not yet made any decision on it.
Some are likely that everything that happened was the result of an incorrect news, as bitcoin has lost since the news was released minutes ago and its rise to 30 thousand dollars so far, almost two thousand dollars of profits, and the percentage of ascent has decreased from 10% to 3.5% now at 16:50 Riyadh time.
It is reported that confirmation or denial has not yet been issued by iShares or the SEC Securities and Exchange Commission.
The journalist in charge of the ETFs file at Bloomberg said in his latest tweet that he discovered news from Reuters revealing that the SEC approved the decision to issue a bitcoin ETF from iShares. However, it has not yet been published.