Bitcoin swings sharply after false claim that SEC approved ETFs
10/1/2024 16:12
Prices of cryptocurrencies swung sharply on Tuesday after a false post on the US Securities and Exchange Commission’s official X account claimed the regulator had approved the first-ever US spot bitcoin exchange traded funds.
The fake post declared just after 4pm Washington time that the SEC “grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges”. It was picked up immediately on social media, business news websites and Bloomberg TV.
Source: Financial Times
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