SEC Grants Approval For Bitcoin ETFs -- HOAX

[stompix]

Yeah well easy profit for whoever hacked the account huh? ... 'hacked' Probably Gary himself trying to buy some coins for a discount before the price rockets up after the approval. 

Yeeha, of course, I mean the guy that was teaching courses on Bitcoin in 2018 at MIT when BTC was $7k really needs to have the price dropped to grab some coins...

I do believe that Gary Gensler made a long position after the SEC tweet and made a short position before he tweeted about the hack. So profitable whenever the price is going. 

Yeah, the guy getting 300k a year is going to open long and short positions on Binance and trade for a few thousands with the risk of getting to jail for market manipulation 

Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke.

Meanwhile one of the lead developers of Bitcoin got his coins stolen from his own cold storage...see how this works? 

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[apogio]

I have lost the whole ETF approval subject, but now I tried to research about it.

What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?

I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?

[Wind_FURY]

Their official representative X account was compromised, it's okay because X is not their home but they must at least secure their account properly. As a governmental agency, they must have enough security layers to do this for their account.

They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.

SEC. is exaggerating importance of X and social media.

Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.

There have been many comments sent to Elon asking him to check the IP address of SEC's account X to know exactly whether they were really hacked or just playing tricks on themselves to manipulate the market. But I think Elon will not interfere in this.

But as the owner of X, he probably should investigate the issue, and it wouldn't be very hard for the admins in X in my opinion. They could simply check the Logs of IP Addresses used by the SEC, and find if there was an IP change during the time of the attack and from where the hacker logged in from.

If the SEC is caught lying, then that should be considered a form of market manipulation, no?

[stompix]

I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?

Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:



but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.

[apogio]

but everyone speculates that the SEC will approve more of them f they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.

Thanks for the picture.

So the most important date is the 15th of March, where all the rest need to be decided. That's approximately 1 month before the halving, which is also important to note. Let's see how it goes, I doubt it's going to be good for Bitcoin, but as I have said multiple times, they need to control as much Bitcoin as they can and this is a way to do it.

[Marvelman]

But as the owner of X, he probably should investigate the issue, and it wouldn't be very hard for the admins in X in my opinion. They could simply check the Logs of IP Addresses used by the SEC, and find if there was an IP change during the time of the attack and from where the hacker logged in from.

I think they already did.

We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised.

https://x.com/Safety/status/1744924042681897343?s=20

If the SEC is caught lying, then that should be considered a form of market manipulation, no?

Yeah! But who is going to judge them? It's their domain.

[Wind_FURY]

I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?

Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:



but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.

But if ARK gets a "NO"?

I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?

The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.

[apogio]

I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?

The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.

Bitcoin / USD exchange rate was ~25,000 in October. It is approximately 45,000 today. So it is up 80% in 3 months. Isn't it the upward trend that you seek? Isn't it enough?

[MusaMohamed]

But if ARK gets a "NO"?

I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?

The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.

It can be a test from market makers to see how strong buying force is to hold the price and is it a big barrier for their manipulation to dump the price. It's only a conspiracy theory and market makers can pump it too.

I am more keen on a big correction for Bitcoin after 4 months of bullish, it is no surprise to see a big correction. I believe it to happen because before halving, Bitcoin usually has a big dump to test the market. I really believe that from January to April, it will be nearly impossible to see a black swan event like Covid-19 in 2020. So SEC denial will be a good replacement to test the market.

[nutildah]

The best thing to come out of this fiasco are the memes.