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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

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    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

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  • Blockchain
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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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  • AI
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Home Bitcoin

NO! SEC denies approving spot Bitcoin ETF

January 9, 2024
in Bitcoin
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NO! SEC denies approving spot Bitcoin ETF
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Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

In what is turning out to be an early April Fool’s Day joke on everyone involved, it would seem that the U.S Securities and Exchange Commission has, in fact, NOT approved spot Bitcoin ETFs. Less than 30 mins ago, a tweet from the SEC’s official X (Formerly known as Twitter) claimed the following,

However, the tweet in question has since been deleted and refuted by Gary Gensler, Chair of the United States SEC himself. According to Gensler,

“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.”

Needless to say, the reactions were quick to change. The community sentiment quickly changed from one of euphoria and elation to one of disappointment. And yet, despite a confirmation from the Chair himself, there are still people who are refusing to believe what happened.

For instance, in response to Gensler’s tweet, Bankless’s Ryan Sean Adams tweeted,

how do we know this account’s not compromised??

— RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams) January 9, 2024

Jokes aside, there may be other implications associated with this incident too with Securities lawyers telling FOX Business,

“… the @SECGov will have to investigate itself for market manipulation after moving the price of $BTC up and down following the hacked tweet that it had approved the first spot BTC ETF and then saying it was fake. That said, for the SEC not to approve tomorrow would be unprecedented.”

Additionally, conspiracy theories are doing the rounds too, with VanEck’s Gabor Gurbacs speculating that this could be an inside job. He speculated that a way “to stop or delay a Bitcoin ETF is to create an event like this.” A more rational explanation, as he himself conceded, is that the message was published sooner than it was supposed to. On the subject of this being an inside job, he went on to add,

“It would be unreasonable to delay… and this event should change nothing IMO. However, nothing surprises me anymore.”

At this point in time, it’s unclear who is responsible behind this prank. At the time of writing, no details had been shared by Gensler, the SEC, or any law enforcement agency.

See also  Bitcoin exchange reserves drop to 2020 lows: What it means for BTC

What is evident, however, is that someone exploited the sentiment of the crypto-community at large.

Tags: approvingBitcoinDeniesETFSECspot

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

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EDITOR'S PICK

Why Arbitrum seems to be the most desired chain for DeFi

Worldcoin price jumps 183% in 7 days: Do predictions say more gains?

February 19, 2024
Arbitrum leads Ethereum L2s in key areas: Will ARB’s price follow?

Arbitrum leads Ethereum L2s in key areas: Will ARB’s price follow?

May 5, 2024
Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan

May 19, 2025
Hidden crypto mining operations target GPU renters

Hidden crypto mining operations target GPU renters

August 30, 2024

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