Bitcoin price briefly rallies 10% on false spot ETF report

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Bitcoin price briefly rallies 10% on false spot ETF report
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Cointelegraph says internal investigation is underway

The price of bitcoin on Monday rallied following a false report on social media that the Securities and Exchange Commission approved an application for a spot bitcoin exchange-traded fund.

That followed a now-deleted post on the social platform X by the crypto news service Cointelegraph which stated that the SEC had approved an application by BlackRock’s BLK, +1.77% iShares for a spot bitcoin ETF.

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