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The U.S. Securities and Exchange Commission (SEC) has denied an announcement about the approval of a Bitcoin Exchange Traded Fund (ETF) that was posted on a social media account X (formerly Twitter).
According to CNBC on the 9th (local time), the SEC stated, “The account was hacked,” and “The message about the Bitcoin ETF from the unauthorized securities account X is not written by the SEC or an SEC employee.”
The SEC, which has been opposing the Bitcoin ETF for several years, is expected to make a decision this week. Currently, more than 12 asset management companies have submitted applications for Bitcoin ETF products.
The price of Bitcoin briefly surged after the false social media post but soon fell below $46,000.
The price of virtual assets has been rising for the past few months, which was due to the growing optimism that a physical Bitcoin ETF would be approved. Advocates of virtual assets argue that the launch of an ETF could attract a new type of investor to digital assets.
By. Joo Yeon Baek
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