IMPORTANT POINTS:
- The SEC has not approved any Bitcoin spot ETF applications.
- X’s SEC account was compromised, publishing false information about the approval of Bitcoin ETFs.
- The fake news caused a significant fluctuation in the price of Bitcoin, affecting the market.
The US Securities and Exchange Commission (SEC) has not yet approved any applications for spot Bitcoin exchange-traded funds (ETFs).
Despite a tweet from the regulator’s Account Gensler mentioned in his own X account that the SEC account “was compromised,” and reiterated that the regulator has not yet “approved the listing and trading of spot Bitcoin exchange-traded products.”
An SEC spokesperson stated in an email:
“The SEC’s @SECGov X/Twitter account has been compromised. “The unauthorized tweet about Bitcoin ETFs was not made by the SEC or its staff.”
ETF approval expectation
The regulator is widely expected to approve applications for spot Bitcoin ETFs later on Wednesday.