Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • ROOMS:

SEC duped, X account hacked, Bitcoin ETF not approved

News of a Bitcoin ETF approval is false after the SEC's X account was "compromised" late Tuesday as regulators scrambled to tell investors no decision has been made, although one is expected by Wednesday.

The Securities and Exchange Commission says a post on X from Chairman Gary Gensler, announcing the approval of Bitcoin ETFs, was false. 

The update, which came shortly after 4pm ET when the markets were closed, was likely the work of a hacker, according to the SEC. The post has since been deactivated and replaced with more details. 

"The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products" the post clarified. 

The dupe came as investors are eagerly awaiting the SEC's decision on as many as 10 Bitcoin ETF applications including BlackRock's, Ark's, Grayscale and Wisdom Tree. 

In advance of the SEC's widely anticipated decision, bitcoin rose to the $47,000 level before pulling back and has gained nearly 11% this year after advancing 153% in 2023.

Regulators are expected to approve potentially one or several of the pending ETF applications which will open up cryptocurrencies to a wider group of individual and instutional investors. 

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.