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SEC Investigates Compromised Tweet on Bitcoin ETF Approval

Bitcoin Just hours prior to granting approval for the groundbreaking Bitcoin exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) disclosed its collaboration with the Federal Bureau of Investigation (FBI) to probe a suspicious tweet issued on January 9th.In an official statement on January 10th, the SEC emphatically clarified that the tweet asserting the
Just hours prior to granting approval for the groundbreaking Bitcoin exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) disclosed its collaboration with the Federal Bureau of Investigation (FBI) to probe a suspicious tweet issued on January 9th.
In an official statement on January 10th, the SEC emphatically clarified that the tweet asserting the approval of spot Bitcoin ETFs in the United States, posted on January 9th, was unequivocally “unauthorized” and not crafted by SEC authorities. SEC Chair Gary Gensler, through a post on the X platform (formerly Twitter), revealed that the official SEC account had been “compromised” by an unidentified party.

9th June tweet from the official SEC X account, later removed.

The SEC outlined its intention to undertake a comprehensive investigation into the matter in conjunction with the FBI and the commission’s Office of the Inspector General. Issuing a cautionary note to the public, the SEC emphasized that any announcement endorsing a rule change permitting the listing and trading of spot Bitcoin ETFs would be exclusively published on its official website—an assurance that was subsequently fulfilled.

As of January 10th, a myriad of spot Bitcoin ETF offerings from reputable entities such as ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton were eligible for listing on U.S. exchanges.

Following the formal approval, Gensler released a statement clarifying that while the commission did approve exchange-traded products, it did not explicitly endorse or approve Bitcoin itself.

Wasif Shakir

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