🧵 1/3 SEC denies approving bitcoin ETF, says agency's social media account was compromised. Initial announcement caused a surge in bitcoin's price. #crypto
🧵 1/3 SEC denies approving bitcoin ETF, says agency's social media account was compromised. Initial announcement caused a surge in bitcoin's price. #crypto
🧵 2/3 Cryptocurrency investors anticipated approval of ETF to invest in bitcoin without buying it on exchanges. SEC Chair clarifies no such approval.
🧵 3/3 Bitcoin's price fluctuated between the unauthorized announcement and SEC's denial. How the SEC's account was compromised remains unclear.
🧵 Read more at: https://finance.yahoo.com/news/sec-chair-denies-bitcoin-etf-223241648.html