SEC says its X account was compromised, and it has not approved bitcoin ETFs

The U.S. Securities and Exchange Commission’s official account on X, formerly known as Twitter, was compromised on Tuesday and published an unauthorized post that the agency had approved the launch of exchange-traded funds investing directly in bitcoin.

But in fact, the agency has not approved any spot bitcoin ETFs, and the earlier post, now deleted, was sent by an unauthorized user, SEC Chair Gary Gensler said Tuesday.

“The SEC has not approved the listing and trading of spot bitcoin exchange-traded products,” Gensler said on X.

“The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” a spokesperson at the SEC confirmed to MarketWatch via email.