Gary

Security

Spot

The&nbsp;<a href="https://cryptoticker.io/en/bitcoin-etf-what-are-they-and-why-are-they-important-to-bitcoin-price/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Spot ETFs</a>&nbsp;have not yet been approved by the US Securities and Exchange Commission.&nbsp;The SEC’s official Twitter account was hacked and an unauthorized tweet was posted.&nbsp;SEC Chief Gary Gensler addressed this on his personal Twitter account and the SEC Twitter account has since deleted the incorrect tweet. <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/bitcoin_coin_with_etf_text_stone_background_concept_entering_digital_money_fund_etf_bitcoin_concept_Easy_Resize_com_c5d4ab3afb.jpg" alt="Bitcoin ETF">
The Security &amp; Exchange Commission in the USA has apparently approved the Bitcoin Spot ETFs in a tweet.&nbsp;But it was probably a hack&nbsp;.&nbsp;This was stated on SEC Chief Gary Gensler’s Twitter account and the tweet has since been deleted on the SEC Twitter account, confirming that there was an unauthorized tweet.
The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SECGov</a> twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SECGov</a> 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.
<h2 id="h-how-did-the-bitcoin-price-react">How did the Bitcoin price react?</h2>
The Bitcoin price is currently seeing an explosion to the $48,000 mark within minutes of the announcement of the false approval.&nbsp;In recent days&nbsp;, it has often been predicted that the Bitcoin price would skyrocket if approved.&nbsp;But shortly thereafter, Bitcoin plunged below $46,000 when Gensler conveyed that there had been a hack and the ETFs had not been approved. <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/Bildschirm_foto_2024_01_09_um_22_29_48_Easy_Resize_com_36252e25a2.jpg" alt="Bitcoin course 1 day">
<h2 id="h-what-s-next-for-bitcoin">What’s next for Bitcoin?</h2>
According to several rumors, trading in the Bitcoin Spot ETFs will start on Thursday, January 11th.&nbsp;Companies could then invest in the products of the various financial service providers that now offer the Bitcoin ETF.&nbsp;But at the moment it is uncertain what impact the hack and thus possible market manipulation will have on the approval process.
For smaller investors, this could be a period in which they should be extremely vigilant about what happens in the next few hours and days.&nbsp;A sharp fall in the price could be the result.&nbsp;However, it is also possible that the SEC will actually approve the Bitcoin Spot ETFs in the next 24 hours.
<h2 id="h-update-11-30-p-m-sec-and-gary-gensler-being-mocked">Update 11:30 p.m: SEC and Gary Gensler being mocked</h2>
After the hack and the publication of the unauthorized tweet, it quickly became clear that the authority had made massive mistakes.&nbsp;SEC boss Gary Gensler and his agency are met with ridicule: <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/G_Dbn_FAXXEAA_6_BQW_6dc2f4a2c0.jpeg" alt=""> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/G_Dbp1_Xag_AAH_0u_O_42d3c14cf1.jpeg" alt="">
Furthermore, the following tweet from the SEC account was quoted again and again:
Careful what you read on the internet. The best source of information about the SEC is the SEC.

SEC Twitter account hacked: Bitcoin Spot ETFs NOT APPROVED for now!

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