US regulators are expected to make an announcement on new Bitcoin investment instruments this week.
Bitcoin jumped briefly on Tuesday after a post on the US markets regulator’s X account (formerly Twitter) said it had approved so-called exchange-traded funds (ETFs) in the cryptocurrency.
The Securities and Exchange Commission (SEC) later deleted the post and said its account had been “compromised”.
Bitcoin jumped to almost $48,000 immediately after the erroneous post before falling back to around $46,000.
US regulators are expected to make an announcement on the new ETFs this week.
The false post appeared on the SEC’s official X account shortly after 16:00 Washington time (21:00 GMT).
