Hoax: No Bitcoin ETF approval (yet)

[nelson4lov]

Reference: https://twitter.com/SECGov/status/1744829327294837236?s=19


Edit: Another fake news. Confirned by Gary.

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[Nwada001]

Was just about posting this before I receive the notification for your thread

I think this news just worked the way people predicted it that the Bitcoin ETF is likely to be approved in early January of 2024, and some also said it will be approved on the same date the first bitcoin block was minted to drop a remarkable memory. I think some actually do predict the outcome result after all.
 
Let's see what the market will bring afterward.

[suzanne5223]

Was just about posting this before I receive the notification for your thread

I think this news just worked the way people predicted it that the Bitcoin ETF is likely to be approved in early January of 2024, and some also said it will be approved on the same date the first bitcoin block was minted to drop a remarkable memory. I think some actually do predict the outcome result after all.
 
Let's see what the market will bring afterward.

Same here but I think this is just a game to play with the cryptocurrency community and market either from the SEC, or hacker because Gary Gensler just on Twitter that "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."

[odolvlobo]

The SEC says the announcement is a hoax and the account was compromised.

[franky1]

fake news
above

gensler just mentioned the announcement tweet was fake

https://twitter.com/GaryGensler/status/1744833049064288387
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.

change title. lock topic before the rumour mill clickbaits thinking its real based on topic titles

[stadus]

The SEC says the announcement is a hoax and the account was compromised.

It could be possible that this early announcement is a total hoax and that SEC made a correction that it hasn’t approved bitcoin ETF and yes, the account was compromised. So it’s not time to celebrate yet since the more rumors that come out about SEC approving bitcoin ETF, the less chances that it’s approval will come into reality. So let’s just wait and see in the next days and months.

[EL MOHA]

Doesn’t this look more like a planned thing for Manipulation? The account get hacked just few hours to when rumor has it that they will be a statement about it. This whole saga doesn’t just add up to me because whenever bitcoin does well a rumor like this suffices now it’s account hacking? SEC must really be having us on the balls.

[Richbased]

Wow finally, this is good news for all Bitcoin investors as all we have been anticipating are coming to reality gradually, the approval of spot Bitcoin ETF is yet another milestone achievement for Bitcoin investors and now that Bitcoin have gain recognition by international standard authority, I think it will enhance more security awareness within the ecosystem and possibly grant investors access to tokens without buying the currency.

Though with the current controversy that surrounds the announcement it seems there is something fishy but however within some few days we will get to know the real story definitely.

[Maslate]

SEC has released a note that this information is not legit and the reality is they still have not approved bitcoin ETF. Most likely, this is just one of those fake information that is made to lure the people and make believe that approval is already happening. If you’re not alert to DYOR the information, you will really get fooled and scammed. The account was said to be compromised so let’s not fall for it.

[Orpichukwu]

fake news
above

gensler just mentioned the announcement tweet was fake

https://twitter.com/GaryGensler/status/1744833049064288387
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.

change title. lock topic before the rumour mill clickbaits thinking its real based on topic titles

The question is: who hacked the sec account? I mean US SEC, which is supposed to take their security very seriously, and they don't know when their official page was compromised and news was made about it.
 
Then again, upon all the news and details of things that the hacker could have used the account for in the short period of time that they had access to the account, why just post something about ETF approval? What are they trying to do—channel the attack on those who file for bitcoin ETF? Or are the hackers trying to manipulate the market with the news? I have so many questions to ask regarding this incident.

[Stalker22]

Man! The Bitcoin market is like a rodeo bull on steroids. Even a fake news of an ETF approval can send it bucking and snorting. Get ready for a wild ride!  

[Natalim]

Wow finally, this is good news for all Bitcoin investors as all we have been anticipating are coming to reality gradually, the approval of spot Bitcoin ETF is yet another milestone achievement for Bitcoin investors and now that Bitcoin have gain recognition by international standard authority, I think it will enhance more security awareness within the ecosystem and possibly grant investors access to tokens without buying the currency.

Though with the current controversy that surrounds the announcement it seems there is something fishy but however within some few days we will get to know the real story definitely.

It is not good news mate, it is fake news, and the SEC has not approved it yet as the said person announced already that was not true. This news confuses a lot of people especially if they don't follow the trend. In this situation, I'm not sure if this will help the approval rate or if something holds. But it doesn't matter because even without ETF approval, Bitcoin still exists and growing. Well, ETF approval seems it helps to gain more trust but not the sole reason why people are here and are investing in Bitcoin. Yes, let us wait for the next update and we'd hope for the positive over the bad incidents.

[Abu-Naim]

Wow finally, this is good news for all Bitcoin investors as all we have been anticipating are coming to reality gradually, the approval of spot Bitcoin ETF is yet another milestone achievement for Bitcoin investors and now that Bitcoin have gain recognition by international standard authority, I think it will enhance more security awareness within the ecosystem and possibly grant investors access to tokens without buying the currency.

Though with the current controversy that surrounds the announcement it seems there is something fishy but however within some few days we will get to know the real story definitely.

The real story has been reviled that the news is fake. SEC twitter (X) account has been compromise which to me seems like manipulation.

Why will it be now that people are waiting for the news that their account get compromised?
I am seeing this as price manipulation although the news was countered early.

This fake news has affected crypto market because Bitcoin price has dropped below $46k. This can be a chance for people to buy again.

[Stalker22]

This made me laugh! LOL!




@nelson4lov, please update the topic title so it is not misleading.

[STT]

Seems like a bad omen to me, kinda helps those who have little trust or likening for BTC being enabled in any way.   The reasons to fake post is market manipulation, if you can foresee a large buy and also know the news is not real you have an exact plan to make money with.  Because BTC is tradable all over the place its hard to say exactly who had profited from doing so, it would be hard in any case but especially due to the nature of BTC being decentralized its something authorities dislike naturally.

[Richbased]

Wow finally, this is good news for all Bitcoin investors as all we have been anticipating are coming to reality gradually, the approval of spot Bitcoin ETF is yet another milestone achievement for Bitcoin investors and now that Bitcoin have gain recognition by international standard authority, I think it will enhance more security awareness within the ecosystem and possibly grant investors access to tokens without buying the currency.

Though with the current controversy that surrounds the announcement it seems there is something fishy but however within some few days we will get to know the real story definitely.

The real story has been reviled that the news is fake. SEC twitter (X) account has been compromise which to me seems like manipulation.

Why will it be now that people are waiting for the news that their account get compromised?
I am seeing this as price manipulation although the news was countered early.

This fake news has affected crypto market because Bitcoin price has dropped below $26k. This can be a chance for people to buy again.

Now that SEC Twitter account have been compromised, how do we know the real story when it's finally released. I think there something suspicious that SEC is trying to manipulate but however we still keep on hodling because I know that with this fake news right now, the price of Bitcoin might dip as a result of investors rushing to sell off their coin but as long term Bitcoin hodlers and investors that we are, we remain calm and optimistic regardless of this uneasy story.

Wow finally, this is good news for all Bitcoin investors as all we have been anticipating are coming to reality gradually, the approval of spot Bitcoin ETF is yet another milestone achievement for Bitcoin investors and now that Bitcoin have gain recognition by international standard authority, I think it will enhance more security awareness within the ecosystem and possibly grant investors access to tokens without buying the currency.

Though with the current controversy that surrounds the announcement it seems there is something fishy but however within some few days we will get to know the real story definitely.

It is not good news mate, it is fake news, and the SEC has not approved it yet as the said person announced already that was not true. This news confuses a lot of people especially if they don't follow the trend. In this situation, I'm not sure if this will help the approval rate or if something holds. But it doesn't matter because even without ETF approval, Bitcoin still exists and growing. Well, ETF approval seems it helps to gain more trust but not the sole reason why people are here and are investing in Bitcoin. Yes, let us wait for the next update and we'd hope for the positive over the bad incidents.

But how possible it is for SEC Twitter account to be hacked at a critical time when everyone is glued to hear about the approval of spot Bitcoin ETF, well just like you said Bitcoin will and is still gaining more recognition with or without ETF approval so no matter how they try to compromise or disapprove spot Bitcoin ETF Bitcoin maintains it's volatility.

[nelson4lov]

Man! The Bitcoin market is like a rodeo bull on steroids. Even a fake news of an ETF approval can send it bucking and snorting. Get ready for a wild ride!  

Bitcoin ETFs news is slowly losing its relevance. I mean, when it is finally approved (no hoax this time) if any, it won't have much reaction as it is now because a lot of people would still be in doubt. First by Cointelegraph, today by a hacked SEC account. Why do we have to look forward to it when it might just be another false news?

This made me laugh! LOL!



@nelson4lov, please update the topic title so it is not misleading.

Fixed OP now. Thanks for the heads up.

[Ndabagi01]

Isn't this a form of manipulation? Why the hack at this time, when everyone is waiting to hear the SEC's decision on bitcoin ETF, and then a news flash comes out saying it has been approved, and the next thing we see is that the news is fake and the SEC's Twitter account has been hacked? Isn't it possible that the market will become extremely volatile, and that the government will become a major market manipulator?
I know they can’t have a total control of the market but with SEC approving bitcoin ETF, government will have some say in the market.

[EFS]

These guys can't even secure their Twitter account, how will they protect people?
Aren't these the same guys that have lawsuit against CZ? Nobody takes them seriously. They don't have the competence to protect anyone. This whole ETF drama is boring now. Bitcoin investors don't need you. Don't try to make decisions about things you don't even know.

[2Pizza410000BTC]

Fake Bitcoin ETF looks like a serial drama. Since the US Securities and Exchange Commission has approved ETFs. Shortly thereafter it was announced that the @SECGov Twitter account had been compromised and an unauthorized tweet had been posted.  So from here we understand it is serial drama? I think ETFs are a completely dramatic phenomenon.