- The R Roundup
- Posts
- RRUPDATES📍: SEC Approves Bitcoin Spot ETFs…OR NOT?🇺🇸
RRUPDATES📍: SEC Approves Bitcoin Spot ETFs…OR NOT?🇺🇸
In a surprising turn of events, the official Twitter account of the U.S. Securities and Exchange Commission (SEC Gov) was compromised earlier today, resulting in the posting of an unauthorized tweet.
The R Roundup
January 09, 2024
RRUPDATES📍: SEC Approves Bitcoin Spot ETFs…OR NOT?🇺🇸
In a surprising turn of events, the official Twitter account of the U.S. Securities and Exchange Commission (SEC Gov) was compromised earlier today, resulting in the posting of an unauthorized tweet.
The incident has raised concerns among investors and market participants, particularly as the tweet pertained to the approval status of spot bitcoin exchange-traded funds (ETFs).
The unauthorized tweet stated that the SEC had approved the listing and trading of spot bitcoin ETFs. This false information immediately sparked confusion and speculation within the financial community.
Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.
The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.— U.S. Securities and Exchange Commission (@SECGov)
Jan 9, 2024
SEC officials were quick to respond to the incident, confirming that the tweet was not legitimate and that the SEC has not granted approval for the listing and trading of spot bitcoin ETFs.
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
— Gary Gensler (@GaryGensler)
Jan 9, 2024
In conclusion, the compromise of the SEC Gov Twitter account has raised significant concerns within the financial community.
Investors are reminded to rely on official communications from the SEC and exercise caution in the face of potentially misleading information, especially in the rapidly evolving landscape of cryptocurrency markets, while still hoping for an ETF approval in the near future.
Join the conversation