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SEC Joins FBI in Probe of 'Compromised' ETF Tweet Incident

By Craig Green
Jan 15, 2024
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The U.S. Securities and Exchange Commission (SEC) has announced its collaboration with the Federal Bureau of Investigation (FBI) to investigate a tweet from its X (formerly Twitter) account on January 9.

In a statement released on January 10, the SEC reiterated the tweet from January 9, which falsely claimed that the commission had approved unauthorized spot Bitcoin U.S. ETFs and clarified that these tweets were not generated or authorized by SEC officials. SEC Chairman Gary Gensler posted on X, mentioning a purported "leak" of official SEC accounts by an unidentified party.

The SEC disclosed its intention to conduct a joint investigation with the FBI and the commission's Office of Inspector General into the January 9 tweet. The regulatory body cautioned the public that any official approval of rule changes enabling the listing and trading of spot Bitcoin ETFs would be communicated on its official website, with details to be shared at a later date.

As of January 10, spot Bitcoin ETF products from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton gained approval for listing on U.S. exchanges. Following this approval, Gensler issued a statement emphasizing that the SEC did not endorse or approve Bitcoin but rather approved the listing of an exchange-traded product (ETP).

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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