The United States Securities and Exchange Commission has approved a spot Bitcoin Exchange-Traded Fund (ETF) after a security breach. The process leading up to the approval was marred by false information and uncertainty.
The United States Sec urities and Exchange Commission finally greenlighted a spot Bitcoin Exchange-Traded Fund ( ETF ). Those of you who’ve been following the industry for many years know that this has been one of the most highly-anticipated moments, and it’s absolutely monumental how far the industry has come in 2024. But the process itself was particularly scuffed, to say the least. First, the SEC ’s X account was compromised, and the attacker tweeted (falsely) that the ETF was approved.
This happened before the much-awaited deadline, and it caused a stir in the market, driving BTC’s price up and down like a rollercoaster. Chairman Gensler was quick to confirm the security breach. A couple of days later, when the final decision was supposed to come in, the SEC’s website saw the official order published, which gave the green light to spot Bitcoin ETFs. The community was ecstatic… for a moment. Minutes after the link leading to the order was published, it was taken down, causing many to wonder whether this wasn’t the work of yet another wrongdoe
SEC Bitcoin ETF Approval Security Breach
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