Price of bitcoin briefly spikes more than $1,000 as ETF would give a way to invest without having to buy outright on a crypto exchange
The Securities and Exchange Commission (SEC) said Tuesday that a post sent from the agency’s account on the social platform Twitter/X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized”, and that the agency’s account had been “compromised”.
The price of bitcoin briefly spiked more than $1,000 after the post on X claimed: “The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” Cryptocurrency investors had already driven bitcoin’s price above $46,000 in anticipation of the approval.
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