Bitcoin Volatility Spikes Following False SEC ETF Approval Claim

Bitcoin experienced significant price fluctuations recently after a false announcement claimed the U.S. Securities and Exchange Commission (SEC) had approved the first-ever U.S. spot bitcoin exchange-traded funds (ETFs). The Financial Times reports the cryptocurrency market experienced a major fluctuation in activity recently after a misleading message was posted on the SEC’s official social media account. The post, which was published shortly after 4 p.m. Washington time, incorrectly claimed the SEC had authorized Bitcoin ETFs to be listed on all registered national securities exchanges. This news caused immediate ripples across various...