SEC Financial News

The posting, which has since been deleted, pre-empted an imminent announcement from the SEC about whether it will approve the trading of spot bitcoin ETFs. The fake post featured a photo of SEC chair Gary Gensler and a convincing quote: "Today's approval enhances market transparency and provides investos with efficient access to digital asset invesments within a regulated framework."Within fifteen minutes of the post going live on X, Gensler hastily took to the platform to deny that any such approval had been given.

While 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Operating Officer of HashKey Group, Livio Weng, has revealed that about ten fund companies are currently preparing to launch Virtual Asset Spot Exchange-Traded Funds in Hong Kong.

Bitcoin dropped to around $45,000 before paring losses after a false post on the US Securities and Exchange Commission’s X account claimed that the agency had approved the issuance of ETFs holding the digital asset. 

cryptocurrency Bitcoin (BTC) declined 2% to $45,945 on Wednesday after the US Securities and Exchange Commission (SEC) said that a post on X claiming a spot Bitcoin exchange-traded funds was approved was not authorised by the agency. «The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,» the U.S. Securities and Exchange Commission said on X. At 10:43 a.m., bluechip crypto tokens BTC was trading 1.8% lower at $45,945, while Ethereum was up 2.8% at $2,377. Whereas altcoins, such as Avalanche, Solana, and Cardano, fell 3-8%. Bitcoin surged beyond the $47,000 threshold on Monday, reaching its highest point since March 2022. However, it couldn't maintain that position, experiencing spikes and dips in the past 24 hours following the approval of fake SEC spot Bitcoin ETFs, said Edul Patel, CEO of Mudrex.

The token dipped to $46,850 as of 1:05 p.m. Tuesday in Singapore after a 6.5% jump on Monday in the US to a 21-month high. Bitcoin’s new year climb now stands at 10%, contrasting with drops over the same period in stocks and gold. The crypto market expects a green light for US spot Bitcoin ETFs by a Jan. 10 deadline. Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, and the regulator has until Wednesday to take action on at least one of the applications. Speculators are wagering that the agency will announce a slew of decisions at once to avoid handing out a first-mover advantage. If the funds are approved, the next question is how much money they will woo. Bitcoin is up 173% in the past 12 months in a sign that traders anticipate wider adoption of the token.

The official X account of the U.S. Securities and Exchange Commission (SEC) was compromised when it posted the fake spot Bitcoin ETF approval announcement, X has confirmed.

As the cryptocurrency world eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin ETFs, the market is abuzz with speculation and activity. Bitcoin price has consistently held strong above the $47,000 mark, drawing strength from the growing optimism surrounding the approval of Bitcoin ETFs.

By Ankur Banerjee

The U.S. Securities and Exchange Commission said Tuesday that a post sent from the agency’s account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency’s account was hacked.

The Bitcoin price just saw a sudden pump to new yearly highs near $48,000 after the US SEC’s official X account tweeted that spot Bitcoin ETFs had gained approval, for the BTC only to then drop as much as $3,000 to briefly below $45,000 after SEC Chairman Gary Gensler said that the official account is “compromised”.

The SEC has not approved Bitcoin ETFs, as reported earlier on the SEC's official X account. SEC Chairman Gary Gensler said the account was «compromised.»

The frenzy over the prospect of the Securities and Exchange Commission approving the first bitcoin ETFs reached new levels Tuesday when the regulator’s X account sent out a tweet saying it had granted approval, only for chair Gary Gensler to reveal five minutes later that the account had been compromised.

The Securities and Exchange Commission (SEC) chairman, Gary Gensler, is stirring feathers in the crypto space with his latest online post.

VanEck has committed $72.5 million in seed capital for its ETF. Bitwise has allocated $500,000. These figures come from S-1 documents filed with the U.S. Securities and Exchange Commission (SEC).

Spot Bitcoin exchange-traded fund (ETF) fee war has commenced before the US Securities and Exchange Commission (SEC) has even approved the product.

Bitcoin’s price has soared to $47,000, marking its highest level since April 2022, driven by fervent speculation about the U.S. Securities and Exchange Commission (SEC) possibly approving Bitcoin exchange-traded funds (ETFs).

It’s the eighth day of 2024 and there’s already a surprising turn of events: 88% of financial advisors are interested in buying bitcoin.

A series of high-stakes deadlines this week will mark the culmination of a years-long push to launch exchange-traded funds backed by bitcoin in the U.S.

Bitcoin, the flagship cryptocurrency, has recently soared above the $47,000 mark, reaching a 20-month high, amidst growing investor optimism. This remarkable rally is largely driven by the buzz around the anticipated approval of Exchange-Traded Funds (ETFs) by financial giants such as BlackRock and Grayscale.

Jay Clayton, former chair of the United States Securities and Exchange Commission (SEC), believes it’s only a matter of time before a spot Bitcoin ETF is approved.

The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company