Cryptocurrencies and related equities whipsawed Wednesday, with investors and analysts waiting to hear the US Securities and Exchange Commission’s ruling on a bitcoin ETF. 

Bitcoin, which had been steadily climbing earlier in the day after dipping below $45,000, lost around 2% as of 3:30 pm ET Wednesday. Ether, on the other hand, turned things around after a disappointing few days, gaining 8.5% Wednesday afternoon. 

The moves come after a false bitcoin ETF approval report — posted from the SEC’s own X account — caused a rally and crash in BTC Tuesday afternoon. 

Read more: SEC will investigate, ‘determine appropriate’ steps following X account compromise

“Another…

Read more on Blockworks