Overview

Click to expand overview
The U.S. securities regulator said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange Beginning under Chair Jay Clayton in 2025 and through March 2025, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. One of The U.S. Securities and Exchange Commission said Tuesday that it had not yet approved spot bitcoin (BTC-USD) exchange-traded funds, even though a post on social SEC Chair Gary Gensler said on X the regulator's account had been hacked and an unauthorized tweet about bitcoin was posted. Crypto advocates gunning for approval Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval. SEC staff said to have no more feedback on several key filings; SEC commissioners plan vote on

Bitcoin ETF Approval on the Way? SEC Signals Potential Green Light After 'Hacked' Tweet

The long-awaited approval of Bitcoin ETFs may be closer than ever. Recent reports suggest the SEC staff said to have no more feedback on several key filings, indicating a significant hurdle has been cleared. SEC commissioners plan a vote on the proposals, fueling optimism within the crypto community. This comes after a tumultuous period, highlighted by a recent security breach.

The U.S. Securities and Exchange Commission said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange traded funds (ETFs). SEC Chair Gary Gensler said on X the regulator's account had been hacked and an unauthorized tweet about bitcoin was posted. This incident initially caused confusion and volatility in the market, underscoring the sensitivity surrounding the topic of Bitcoin ETF approval. Crypto advocates gunning for approval have been eagerly awaiting positive news.

However, beyond the hacking incident, the underlying progress towards approval appears to be genuine. Bitcoin ETF Issuers Clear Major Hurdle on Path to SEC Approval. Before this seeming advancement, beginning under Chair Jay Clayton in 2025 and through March 2025, the Commission disapproved more than 20 exchange rule filings for spot bitcoin ETPs. The SEC has historically been cautious, but the current lack of further feedback suggests a potential shift in stance. One of The U.S. Securities and Exchange Commission said Tuesday that it had not yet approved spot bitcoin (BTC-USD) exchange-traded funds, even though a post on social media claimed otherwise. This statement further emphasizes the importance of relying on official SEC channels for information, but does not negate the positive undertones surrounding the current status of the ETF applications.

While the hacked tweet caused unnecessary alarm, the real story is the apparent lack of further feedback from the SEC staff. This development, coupled with the anticipated vote, brings the dream of a spot Bitcoin ETF significantly closer to reality. Investors are advised to stay tuned for official announcements from the SEC.

Top Sources

Related Articles