On Tuesday afternoon, the Securities and Exchange Commission (SEC) made a statement indicating that the information shared on social media concerning bitcoin Exchange-Traded Funds (ETFs) was inaccurate.
The SEC’s stance on bitcoin ETFs, which it has opposed for several years, is anticipated to be revealed this week. Numerous asset managers, including those who submitted updated applications on Tuesday morning, have filed requests to establish such a fund.
As a consequence of the false social media announcement, the price of bitcoin experienced a brief surge before quickly dropping below $46,000.
Source (CNBC)
