- Coin surges then pares gains on fake news over ETF approval
- Incident ‘highlights the challenge of protecting investors’
An erroneous news report that sparked a brief 10% rally in Bitcoin is shining a spotlight on a crypto industry that’s waiting with bated breath for the arrival of mass-market ETFs to revitalize its fortunes.
On Monday morning, a rally in the token was quickly reversed after a news report incorrectly asserted that BlackRock Inc. had received the green light to launch a spot exchange-traded fund in the cryptocurrency.
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Bitcoin ETF Enthusiasts Hit as Fake News Fuels $85 Million Liquidation
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