Bitcoin ETF

2024 - 1 - 9

Bitcoin ETF Drama: SEC's Twitter Hack Leads to Confusion and Price Swings

Bitcoin ETF - Bitcoin Price - BlackRock - Cryptocurrency - Cybersecurity - Investment - SEC

The SEC's Twitter account hack caused chaos in the cryptocurrency world with fake Bitcoin ETF approval news

The highly anticipated decision by the US Securities and Exchange Commission (SEC) regarding the approval of a spot Bitcoin exchange-traded fund (ETF) turned into a rollercoaster ride. The SEC's official Twitter account was compromised, leading to a false post claiming Bitcoin ETF approval. Cryptocurrency prices swung wildly, only to find out that the announcement was unauthorized. Amidst the confusion, the SEC clarified that the approval was not official and blamed a cybersecurity breach for the misinformation.

As if the drama couldn't get any crazier, the SEC chair, Gary Gensler, denied any approval of the Bitcoin ETF on his personal account. Meanwhile, a fee war erupted among investment managers preparing for potential spot Bitcoin ETF launches. BlackRock ignited the competition by announcing a significantly lower fee of 0.2% for its Bitcoin ETF, sparking further excitement in the market.

In a surprising turn of events, 10 fund companies have already filed for spot Bitcoin ETF launches, showcasing the increasing interest in cryptocurrency investments. Bitcoin's price soared to a 21-month high above $47,000, fueled by the anticipation of ETF approval. With the SEC decision looming, investors are closely watching for the outcome to capitalize on the potential ETF opportunities.

In the midst of the frenzy, the SEC's cybersecurity breach and the subsequent misinformation highlight the vulnerability of the financial markets to hacking incidents. The fee war among asset managers underscores the competitive landscape in the cryptocurrency ETF space, signaling a new era of accessible Bitcoin investments for retail and institutional investors.

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Image courtesy of "The Business Times"

US SEC X account compromised to falsely say Bitcoin ETFs approved (The Business Times)

A HIGHLY anticipated decision by the United States Securities and Exchange Commission (SEC) on whether to approve a spot Bitcoin exchange-traded fund (ETF) ...

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Image courtesy of "Financial News"

SEC blames hack for incorrect post about bitcoin ETF approval (Financial News)

The Securities and Exchange Commission's official X account was hacked when the agency posted late Tuesday that it had approved exchange-traded funds ...

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Image courtesy of "The Australian Financial Review"

Bitcoin ETF: Cryptocurrency's price swings wildly after 'unauthorised ... (The Australian Financial Review)

But the Securities and Exchange Commission (SEC) shortly after said the announcement, in a post on X, was not made by its staff, confusing investors and sending ...

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Image courtesy of "Livemint"

SEC probes cybersecurity breach amid Bitcoin ETF approval ... (Livemint)

The US Securities and Exchange Commission's (SEC) decision on a Bitcoin ETF was overshadowed by a cybersecurity incident, as the SEC's Twitter account was ...

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Image courtesy of "CNBC"

SEC says it did not yet approve Bitcoin ETF, X account was ... (CNBC)

The Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin ETFs on social media was incorrect.

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Image courtesy of "Reuters"

SEC probing fake post on its X account, bitcoin ETFs not yet approved (Reuters)

The U.S. securities regulator said someone briefly accessed its X social media account on Tuesday and posted a fake message saying it had approved exchange ...

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Image courtesy of "Voice of America"

SEC Chair Denies Bitcoin ETF Approved, Says X Account Was ... (Voice of America)

Chairman Gary Gensler said on his personal account that the SEC had not approved the listing and trading of spot bitcoin exchange-traded products.

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Image courtesy of "Reuters"

Would-be spot bitcoin ETF issuers kick off fee war ahead of approval ... (Reuters)

A raft of investment managers on Monday disclosed the fees they plan to charge for their proposed spot bitcoin exchange-traded funds (ETF), in another step ...

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Image courtesy of "Coindesk"

Bitcoin ETFs: The Bear Case (Coindesk)

Bitcoin exchange traded funds may not actually be approved, due to the SEC's long-held concerns about market manipulation. And, if they are, ...

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Image courtesy of "Fortune"

Bitcoin ETF expected for Wednesday—but some fret about being ... (Fortune)

The letter warned the SEC that it would be a “grave if not historic mistake” to approve Bitcoin ETFs, and that doing so would put a U.S. stamp of approval on “a ...

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Image courtesy of "Financial Times"

Price war for spot bitcoin ETF heats up ahead of key SEC ruling (Financial Times)

A fee war has broken out among the asset managers hoping to launch spot bitcoin exchange traded funds in the US, even though the US regulator has not yet ...

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Image courtesy of "DL News"

BlackRock ignites fee war in Bitcoin ETF race: 'Much cheaper than I ... (DL News)

The spot Bitcoin exchange-traded fund fee war is heating up. BlackRock will charge its Bitcoin ETF investors just 0.2% for the first year.

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Image courtesy of "The Business Times"

BlackRock sets lower fee for spot bitcoin ETF compared to peers (The Business Times)

BLACKROCK has set a fee of 0.3 per cent for its planned spot bitcoin exchange-traded fund (ETF), which is notably lower than those charged by some peers.

Bitcoin ETF: Here are the 10 funds set to debut after SEC decision (Morningstar.com)

The battle for bitcoin supremacy has begun. No less than 10 fund companies have filed the necessary paperwork to launch a spot bitcoin exchange-traded fund (ETF) ...

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Image courtesy of "CNBC"

Bitcoin touches $47000 for the first time since April 2022 as ... (CNBC)

Bitcoin rose to a 21-month high above $47,000 to start the week. · Key fee disclosures submitted by potential bitcoin ETF issuers bolstered investors' confidence ...

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Image courtesy of "The Business Times"

Bitcoin jumps to 21-month high with ETF approval seen imminent (The Business Times)

BITCOIN rose above US$47000 for the first time since April 2022 with United States regulators seen as being poised to approve exchange-traded funds (ETFs) ...

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Image courtesy of "Reuters"

Dollar pulls back, bitcoin jumps ahead of ETF approval deadline (Reuters)

The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in ...

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Image courtesy of "BNN"

Bitcoin Rally Cools in Countdown to US Spot ETF Decision by SEC ... (BNN)

Prospective issuers such as BlackRock Inc., Fidelity Investments and Ark Investment Management updated paperwork with the Securities and Exchange Commission, ...

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