UPDATED: SEC Approves All Spot Bitcoin ETF Applications – Gary Gensler Says Account is Hacked
Reports emerged that the SEC has given the green light for Bitcoin Spot ETFs to be traded within the US market.
As per an announcement by the official SEC profile on X, the positive development of Bitcoin ETFs being approved hyped up the whole community on social media.
However, Gary Gensler, SEC’s commissioner made a statement regarding this news and said there has been no such thing. He explained that the SEC profile has been compromised.
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) January 9, 2024
The involvement of reputable and meticulously regulated financial management entities such as Valkyrie, WisdomTree, BlackRock, VanEck, Invesco and Galaxy, Grayscale, Fidelity, Bitwise, ARK Invest and Franklin Templeton in facilitating ETF purchases could potentially attract a wider spectrum of investors towards including Bitcoin in their investment portfolios.
READ MORE: Crypto Expert Signals Caution: Bitcoin’s Rally Nearing Turning Point
This historic moment for the whole cryptocurrency industry has been the dream of every investor.
Bitcoin’s price is currently experiencing a slight decline and is currently trading $45,600.
This article was updated after news about the compromised account emerged.
Reporter at CoinsPress
