The response from the main American regulator was expected just before January 10.
“Today, the SEC is authorizing the listing of Bitcoin ETFs on all registered national securities exchanges. Bitcoin ETFs will be subject to ongoing oversight and compliance with investor protection measures,” the statement said.
announcement on the department's page on X (formerly Twitter).
Bitcoin responded immediately, soaring to $48,100 per coin. And then sharply falling first to $45,090, and at some point even to $44,117.
One of the reasons for the fall: SEC Chairman Gary Gensler promptly, in 15 minutes,
rolled out post on personal account:
“The SEC's Twitter account was hacked and an unauthorized tweet was posted. The Commission has not approved the listing and trading of Bitcoin spot exchange-traded products.”
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
— Gary Gensler (@GaryGensler) January 9, 2024
Angry commentators and Bitcoin investors who felt deceived began to mock the official:
Some major media outlets rushed to report the good news about the approval of the Bitcoin ETF. But then they were forced to confirm it:
The tweet on the official SEC account lasted for some time, but was also soon deleted:
Last Friday, SEC lawyers from the Division of Trading and Markets already met with representatives of the largest exchanges – the New York Stock Exchange (NYSE), Nasdaq and the Chicago Board Options Exchange (CBOE). All these platforms are going to trade Bitcoin ETF shares.
Investors continue to languish in anticipation, and some public figures make pessimistic forecasts: in principle, one should not wait for the approval of exchange-traded funds for Bitcoin.
Source: Bits

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