The US Securities and Exchange Commission (SEC) described a social media post on its X account as "unauthorized," adding it was hacked. ADVERTISEMENTIt briefly spiked more than $1,000 (€914) to almost $48,000 after the post announced, "SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." Minutes after the initial post appeared, SEC Chairman Gary Gensler wrote on his personal X account: "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products." "The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff," an SEC spokesperson later told French news agency AFP. The SEC was expected to decide on bitcoin ETFs very soon after opposing them for years.

Source: The Telegraph January 10, 2024 07:18 UTC