BREAKING NEWS: SEC Chairman Gary Gensler announced that the X account was hacked and the SEC has not approved any Bitcoin ETF. We will continue to inform you of the developments.
Gary Gensler’s account was hacked and any #BitcoinETF announced that the approval was not realized! https://t.co/IjwWALWljJ
NEWS CONTINUES BELOW— KoinFinans (@KoinFinans) January 9, 2024
The news that the cryptocurrency market has been waiting for a long time has finally arrived. SEC, long-awaited spotlight Bitcoin ETF announced its approval on its official SEC X account. This development was also interpreted as one of the critical stages that would increase the exposure of institutional investors. It was reported that the SEC approved all ETF applications on the list.
The post was deleted after it was stated that the official account was approved and then it was said that the account was hacked:
Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.
The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection. pic.twitter.com/oJinqv0wcR
— US Securities and Exchange Commission (@SECGov) January 9, 2024
Companies on the list: VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, ArkInvest, Grayscale, BlackRock, WisdomTree, Invesco Galaxy.
The first application for a Bitcoin ETF was made by the Winklevoss brothers in 2013, when BTC was trading below $100, and the Gemini exchange was subsequently founded by the same brothers. Following this development, many more companies such as Ark Invest and Grayscale made attempts, but there was no approval or even the possibility of approval.
The SEC’s attitude towards cryptocurrencies, especially Bitcoin, for many years continues to stand as an obstacle to many sectoral developments, especially ETFs.
This all started to change last year when BlackRock, one of the world’s most influential financial companies, decided to move forward with its Bitcoin ETF plans. Today, it was announced that the SEC accepted the expected approval for all applicants, and then SEC chairman Gary Gensler announced that the account was hacked and the approval was not given.