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Bitcoin ETF: Cryptocurrency swings as watchdog X account 'compromised'
US regulators are expected to make an announcement on new Bitcoin investment instruments this week.
Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency. Later on Tuesday, X said it had completed a preliminary probe into the false post on the SEC's account and found that it was not due to a breach of the social media platform's systems. Investors are hotly anticipating an SEC announcement on the potential approval of spot bitcoin ETFs, which is expected this week.
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