© Reuters.
The Securities and Exchange Commission (SEC) has not authorized Exchange-Traded Funds (ETFs) for bitcoin, contrary to information previously released via the SEC’s official X account. SEC Chairman Gary Gensler said the account had been “hacked.”
“The @SECGov Twitter account was hacked, leading to the posting of an unauthorized message. The SEC has not sanctioned the listing and trading of bitcoin-based exchange-traded funds,” Gary announced Gensler on Twitter.
The misleading message stated:
“The SEC today approved #Bitcoin ETFs to be listed on all nationally registered securities exchanges.
“Today’s consent improves market transparency and provides investors with a simplified approach to investing in digital assets in a regulated environment,” continues a fake quote attributed to Mr. Gensler.
After the initial surge in response to the erroneous news, the price of bitcoin fell approximately 2.7% to $45,784.74. Coinbase (NASDAQ:) stock was down 1.4% as of 4:36 p.m. Eastern Daylight Time (9:36 p.m. Greenwich Mean Time).
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