A hacker hijacked the U.S. Securities and Trade Fee’s X account on Tuesday and issued a false assertion claiming the SEC has accepted spot Bitcoin (BTC) exchange-traded fund (ETF) purposes, whipping the crypto world into a brief frenzy.
At 1:11pm PST on Tuesday, the SEC’s official X account introduced it had granted approval for Bitcoin ETF listings on all registered nationwide securities exchanges.
The publish additionally included a faux quote from SEC chair Gary Gensler.
Crypto analysts and information web sites gleefully shared the faux information throughout internet, and Bitcoin’s worth briefly surged above $47,600.
Gensler, nonetheless, took to X quarter-hour later to notice that the publish was the work of a hacker.
“The@SECGov Twitter account was compromised, and an unauthorized tweet was posted. The SEC has not accepted the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.”
The official SEC X account later deleted the hacked publish and confirmed Gensler’s statements.
The @SECGov X account was compromised, and an unauthorized publish was posted. The SEC has not accepted the itemizing and buying and selling of spot bitcoin exchange-traded merchandise.
— U.S. Securities and Trade Fee (@SECGov) January 9, 2024
Bitcoin’s worth has since dropped to $45,467 at time of writing.
The SEC accepted the launch of the nation’s first Bitcoin futures ETFs in October 2021. The regulator has to this point denied all spot BTC ETF purposes, although that would change very quickly.
A slew of monetary giants have submitted lively spot BTC ETF purposes, and quite a few business analysts anticipate some or all of them might be accepted this week.
Fox Enterprise reported over the weekend that BlackRock, the world’s largest asset supervisor, expects the SEC to greenlight its BTC ETF software this Wednesday, January tenth.
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