A false story recently circulated by multiple news outlets, following a tweet from the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC). The tweet falsely claimed that the regulator had approved spot Bitcoin BTC $46,151 exchange-traded funds for the first time.

However, in a Jan. 9 X post, SEC chair Gary Gensler clarified that the commission had “not approved the listing and trading of spot bitcoin exchange-traded products,” contradicting the information in the tweet from the official SEC X account. News outlets, including Blockworks and Reuters, had initially reported on the story from the SEC before Gensler’s statement.

The Jan. 9 X post from the official SEC account had claimed that the commission had granted approval for Bitcoin ETFs for listing on U.S. exchanges. It included a photo and a faked quote from the SEC chair. The misleading tweet was visible for several minutes before it was removed.

At the time of publication, the party responsible for hacking the SEC account and issuing the false tweet remains unknown. There was widespread expectation that the commission would be releasing a decision on a spot Bitcoin ETF within the next two days, following the completion of some of the last filings for their applications by several asset managers.

This is a developing story, and further information will be added as it becomes available.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography North America
Countries 🇺🇸
Sentiment negative
Relevance Score 1
People Gary Gensler
Companies United States Securities and Exchange Commission, Blockworks, Reuters, Cointelegraph
Currencies Bitcoin
Securities None

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