The U.S. Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF applications as of Tuesday afternoon, despite a tweet from the regulator's X (formerly Twitter) account saying they had been, the agency's chair, Gary Gensler, said.
The SEC X account "was compromised," he said on his own X account, and the regulator has not yet "approved the listing and trading of spot bitcoin exchange-traded products."
An SEC spokesperson said in an email, "The SEC's @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff."
The regulator is widely expected to approve spot bitcoin ETF applications later on Wednesday.
STORY CONTINUES BELOW
The compromised SECgov X account tweeted "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges" on Tuesday afternoon. "The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection."
It included a graphic with a quote purportedly from Gensler.
