(Boursier.com) — Bitcoin rose this morning to $46,000, after showing great volatility the day before following the false announcement of validation of spot Bitcoin ETFs by the SEC, the American market authority. This time, the announcement is real. Last night, the US regulator gave the green light to fund managers to launch around ten ETFs, exchange-traded funds backed by BTC, which will therefore allow ordinary investors to gain exposure to the queen of cryptocurrencies without having to to own it directly. Note that Ether outperforms with an increase of 9% in 24 hours, while XRP gains 5% over the same period – compared to 0.5% for BTC. Dogecoin and Litecoin gain 6%.
The Securities & Exchange Commission has approved bitcoin ETF applications from BlackRock, Invesco and Fidelity, asset management giants, but also from Ark Investments and 21Shares and VanEck. Some of these products could go public as early as today. This is a turning point for Bitcoin and cryptocurrencies, after the SEC had been reluctant for years to approve such spot Bitcoin ETFs. Gary Gensler, head of the agency, has also repeatedly expressed himself very critically regarding digital currencies and their uses. “Although we have approved the listing and trading of certain Bitcoin ETP spot products today, we have neither approved nor adopted Bitcoin,” Gensler said. “Investors should remain cautious of the myriad risks associated with Bitcoin and products whose value is linked to cryptography,” insisted the executive.
Remember that the day before yesterday, while cryptocurrency fans were feverishly awaiting the approval of spot Bitcoin ETFs by the American market authority, an improbable scenario played out. The price of Bitcoin briefly soared towards $48,000, while the SEC’s X account appeared to have announced approval of the launch of such ETFs. About a quarter of an hour later, SEC Chairman Gary Gensler himself declared that the initial message posted on X (formerly Twitter) about such an approval was “unauthorized” and “inaccurate.” . The @SECGov Twitter account was in fact briefly “compromised” and an unauthorized tweet was published well before the SEC officially approved the ETFs. The agency determined that there was unauthorized access to his certified X account “by an unknown party for a brief period of time.” The incident created a lot of commotion. “This has to be the most sophisticated use of a stolen Twitter account ever,” said Alex Stamos of SentinelOne, former head of security at Meta Platforms, as reported by Bloomberg…
X for his part gave his explanation for the incident: “We can confirm that the @SECGov account was compromised and we have conducted a preliminary investigation. systems of “was not enabled on the account at the time the account was compromised. We encourage all users to enable this additional layer of security”, we can read on the X account dedicated to security issues.
In any case, the famous ETFs are now well validated by the SEC. It remains to be seen what impact this will ultimately have on the value of BTC and cryptocurrencies, as well as on their credibility.