SEC chair denies a Bitcoin ETF has been approved, says account on X was hacked

The Securities and Exchange Commission said Tuesday that a post sent from the agency’s account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency’s account was hacked. The price of bitcoin briefly spiked more than $1,000 after the post on X, formerly known as Twitter, claimed “The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.”

Cryptocurrency investors had already driven bitcoin’s price above $46,000 in anticipation of the approval.