The U.S. Securities and Exchange Commission (SEC) recently made headlines due to a post on its official X account, which falsely claimed the approval of Bitcoin spot ETFs. The post was a result of a hack and was later disavowed by SEC Chair Gary Gensler. Despite this, the approval of Bitcoin spot ETFs is highly anticipated and could have significant implications for the market. If approved, these ETFs could attract a flood of traditional finance investor money, improve market transparency and...

The U.S. Securities and Exchange Commission (SEC) recently made headlines due to a post on its official X account, which falsely claimed the approval of Bitcoin spot ETFs. The post was a result of a hack and was later disavowed by SEC Chair Gary Gensler. Despite this, the approval of Bitcoin spot ETFs is highly anticipated and could have significant implications for the market. If approved, these ETFs could attract a flood of traditional finance investor money, improve market transparency and...