US Securities Commission denies approving Bitcoin fund

2024-01-10 00:47:55

Direct: The US Securities and Exchange Commission denied, on Tuesday, its approval of launching exchange-traded funds to invest in “Bitcoin,” following a post on its official account on the “X” platform that claimed it had adopted the expected procedure.

Gary Gensler, head of the committee, said through his personal account in “X” that the authority’s account was hacked and an unauthorized tweet was published through it.

Gensler added that the US Securities and Exchange Commission has not yet approved the listing of spot ETF products for the cryptocurrency Bitcoin.

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