NEW YORK — The Securities and Exchange Commission said Tuesday that a post on the agency’s account on X announcing that the securities regulator had approved the trading of exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account had been “compromised.”
The initial announcement brought a brief moment of joy to cryptocurrency investors, who had driven up the price of bitcoin in recent months in anticipation of the approval of a bitcoin ETF. The ETF would provide a a way to invest in bitcoin without having to buy the cryptocurrency outright on a crypto exchange such as Binance or Coinbase.
