our business correspondent in new york, is erin delmore. if you re in the crypto world or curious about getting into it, then a spot bitcoin etf has been on your radar. it allows people to bet on bitcoin s gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchange traded funds this week. so, when a tweet was posted from the sec gov account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and the regulator had not yet approved the listing in trading of spot bitcoin exchange traded products. the erroneous tweet also included graphic with a quote from chair gensler, a second tweet that also said $ btc . bitcoin s ticker symbol was also posted but was then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news and fell back down to $45
still happen. is it expected? i still happen. is it expected? either way it will have an impact on bitcoin? it either way it will have an impact on bitcoin?- either way it will have an impact on bitcoin? it is not totally done impact on bitcoin? it is not totally done deal impact on bitcoin? it is not totally done deal that - impact on bitcoin? it is not totally done deal that it. totally done deal that it follows from the scc sce losing a court case where the court basically said they had not provided a good reason for not provided a good reason for not approving an etf and sent the sce e away and it seems to be that they do not have a good reason and there for will have to do it. that is expected in a day or two when that is what this is about. as always with changes like that everybody is buying the rumour. that is why bitcoin s prices going up. whether it continues to rise after these etfs is approved is an open question and it is possible that the price may fall back. why i
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