Bitcoin SV Surges on False BlackRock ETF Rumor

Bitcoin SV (BSV) experienced a sudden surge of 4.08% over the last 12 hours, primarily driven by a false rumor that BlackRock had filed for a spot Bitcoin SV ETF.

The rumor was quickly debunked, but not before it triggered a short-lived pump in BSV's price.

According to an X account, the false rumor of a BlackRock BSV ETF filing was the catalyst behind the 4.08 percentage point move.

Around the same time, there was also news about PiWalletSV, an open-source hardware wallet built specifically for BSV holders.

The PiWalletSV project fills a long-standing gap in BSV-specific cold storage options and has been seen as a positive development for the ecosystem.