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Home » Did the Fake Bitcoin ETF Announcement Prove an SEC Approval Is a ‘Sell-the-News’ Event? – CoinDesk

Did the Fake Bitcoin ETF Announcement Prove an SEC Approval Is a ‘Sell-the-News’ Event? – CoinDesk

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On Tuesday evening, the U.S. Securities and Exchange Commission (SEC) said its X/Twitter account was hijacked to wrongly claim it had approved hotly anticipated bitcoin exchange-trade funds (ETFs), causing bitcoin (BTC) to spike and then slip in price.Meltem Erdem is CoinDesk Turkey’s cybersecurity columnist.In a now-deleted tweet, the financial regulator falsely announced: “Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges. The approved Bitcoin ETFs will be subject to ongoing surveillance and compliance measures to ensure continued investor protection.”The tweet was quickly removed. SEC Chair Gary Gensler confirmed the message should not have gone… 

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