The U.S. Exchange Commission confirmed that it has not yet approved an application for Bitcoin Exchange Trading (ETF), contrary to what its X (formerly Twitter) account briefly indicated.
In a statement released to Coindesk, a spokesperson said: "The @secgov x Twitter account of the US ** Exchange Commission has been compromised. Unauthorized tweets about Bitcoin ETFs were not made by the SEC or its staff. ”
In a separate statement released later, a spokesperson said that "unauthorized access and activity occurred on the account" and that it was carried out by an "unknown party."
The statement states that the party no longer has unauthorized access. "The U.S. Securities and Exchange Commission, together with law enforcement agencies and our partners in the parties, will investigate the matter and determine appropriate next steps related to unauthorized access and any related misconduct," the statement said. ”
SEC Chairman Gary Gensler said on his personal X account that these exchange-trading** (ETFs) have not yet been authorized. "The U.S. ** Exchange Commission has not approved the listing and trading of spot bitcoin exchange-traded products," he said.
Regulators are widely expected to approve applications for spot Bitcoin ETFs on Wednesday.
Last week, a spokesperson for the SEC told Coindesk that any Bitcoin ETF approval would appear in the institution's EDGAR database;X was not used as a means of communicating decisions. "Any order of the 19b-4 commission will be posted on our ** and then published in the Federal Register," the spokesman said.
The @secgov X account that was attacked tweeted: "Today, the U.S. Exchange Commission approved Bitcoin ETFs listed on all registered national exchanges. Approved Bitcoin ETFs will be subject to ongoing monitoring and compliance measures to ensure ongoing investor protection. The tweet included a graph of a quote purportedly from Gensler. The account also posted a second tweet containing only "$btc," but the tweet was deleted almost immediately.
Bitcoin (BTC) first soared to nearly $48,000 after the social post, and then**nearly 6% to $45,100 after the news turned out to be fake.
Coinglass data shows that more than $50 million of leveraged derivatives trading positions were cleared within an hour during periods of volatility.
Bitcoin** trend.