Update: It has been confirmed that the SEC has approved all 11 Bitcoin ETFs. Read more, here
Confusion is taking over the cryptocurrency market as the US Securities and Exchanges Commission (SEC) makes another approval announcement, but only to remove it. In today’s series, the SEC’s official website published a PDF announcing the approval of all 11 spot Bitcoin ETF applications. However, the link to the announcement was immediately removed after it caught the attention of the crypto community.
Some market experts speculate that the website crashed due to the large amount of traffic directed at it. However, some speculate that the announcement was made much earlier than intended, hence the removal. Neither the committee nor the chairman – Gary Gensler commented on the post and deleted the fiasco.
And it still remains unclear whether the committee actually approved all 11 spot Bitcoin ETF applications. In particular, the announcement published today reads:
“IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA-2023-58 ; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR-CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR – CboeBZX-2023-044; SR-CboeBZX-2023-072) are, and are hereby, approved on an accelerated basis.”
This acted as confirmation of approval for all 11 spot Bitcoin ETF applications. The applications were from Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck and Invesco Galaxy. But the link that provided the above information now looks like this:
Source: SEC
The FBI has stepped in to investigate X-spot Bitcoin ETF Tweet
Subsequently, the SEC confirmed that the Federal Bureau of Investigation will investigate the culprit behind his X fiasco. The official social media handle announced that the committee had approved a spot Bitcoin ETF on January 9. This resulted in an immediate market frenzy, which even affected the price of BTC.
However, the chairman – Gary Gensler – reached for his official X-handle to confirm that the statement was incorrect. He added that this was the result of a hack. This resulted in the committee being dragged on X, with several pointing out that the committee itself does not practice what it preaches when it comes to securing bills.