BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Spot Bitcoin ETF Approval is FAKE: SEC X Account Compromised

by BlockNews.com Team
January 9, 2024
in BUSINESS, CRYPTO, FEATURED
Reading Time: 3 mins read
A A
2
SHARES
38
VIEWS
Share on XShare in TelegramShare on Reddit
  • Unauthorized tweet from compromised SEC Twitter account falsely claimed Bitcoin ETFs were approved, causing temporary confusion
  • SEC clarified the tweet was unauthorized and incorrect – no Bitcoin ETFs have actually been approved yet
  • SEC maintains high standards for any potential Bitcoin ETF approval due to past concerns around volatility, liquidity and fraud

The Securities and Exchange Commission (SEC) has denied approving any Bitcoin exchange-traded funds (ETFs), after a compromised Twitter account spread misinformation earlier today.

BREAKING: GARY GENSLER SAYS THE @SECGov ACCOUNT WAS COMPROMISED

SPOT #Bitcoin ETF IS NOT APPROVED pic.twitter.com/Z3b9IEVSk1

— BlockNews.com (@blocknewsdotcom) January 9, 2024

Unauthorized Tweet Creates Confusion

On Tuesday afternoon, the SEC’s official Twitter account, @SECGov, posted a tweet claiming that the agency had approved several Bitcoin ETFs. However, the SEC soon clarified that this tweet was unauthorized and incorrect.

According to an SEC spokesperson who commented on the incident, “The SEC’s @SECGov Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff.”

It appears that the SEC’s Twitter account was hacked by an outside party, who then used the account to spread false information about Bitcoin ETF approvals. This caused temporary confusion and volatility in cryptocurrency markets, until the SEC was able to publicly deny the false tweet.

SEC Has Not Yet Approved Any Bitcoin ETFs

While there are several Bitcoin ETF applications currently under review by the SEC, the agency states that it has not yet approved any of these proposals.

The SEC has rejected multiple Bitcoin ETF applications in the past, citing concerns around volatility, liquidity, and potential for manipulation and fraud in the underlying Bitcoin markets.

Any real approval of a Bitcoin ETF would mark a major milestone for cryptocurrency adoption and regulation. However, the SEC maintains that it still has not found any Bitcoin ETF proposals that meet its standards for protecting investors.

Tuesday’s incident highlights the power of social media to rapidly spread misinformation and influence markets. It also underscores the importance of account security at major regulatory agencies like the SEC.

For now, the SEC’s stance on Bitcoin ETFs remains unchanged, despite the unauthorized tweets suggesting otherwise. The agency will continue its thorough review of each proposal and is unlikely to approve any funds that fail to meet its high standards.

Tags: Bitcoin ETFcryptoCrypto RegulationETFsec
Tweet1ShareShare
Previous Post

SEC Approves All Spot Bitcoin ETF at Once

Next Post

Fake Spot Bitcoin ETF Approval Causes Major Pump and Dump

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.