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Bitcoin Spikes On Fake News Overnight

CREDIT UPDATE
Bitcoin: a range of US asset managers are expected to get SEC clearance this week to launch BTC ETFs in the US. Last night, the SEC's X account was hacked and a fake post was published indicated approval had gone through, leading to a short-term price spike.

  1. The SEC noticed, put out a denial and indicated the hack. BTC's price reverted to slightly below where it was trading prior.
  2. Approval deadline for the SEC is, reportedly, tonight in the US and a range of AM firms (incl. BlackRock) are apparently ready to launch. As an unregulated investment, these ETFs won't formally be available to buy for UK and European retail investors, we believe.

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