Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake

Price volatility following a series of fake tweets from the U.S. Securities and Exchange Commission (SEC)’s X account caused nearly $90 million worth of bitcoin (BTC) long and short positions to be liquidated, showcasing manipulation risks associated with the industry.
Hackers caught hold of SEC’s X account on Tuesday, using it to post a nod for the much-awaited bitcoin exchange-traded fund (ETF) approval decision. It later posted “$BTC ,” before both tweets were promptly deleted.

Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.
Punters and automated bots, however, reacted quickly to the tweets. Over $500 million in futures positions were opened in a ten-minute period following the initial post, data shows. But the highly-levered positions took a hit as prices whipsawed: Some $50 million in longs were liquidated while $36 million in shorts were impacted

#BTC #etf
#SECApprovalJourney

All new Ideas Good or Bad Side.ETF when approve Next time BTC and all coin not profits 10x 100x only give 2x 4x future the crypto currency Market.
In his view, it’s the institutions that need the ETF, not Bitcoin. Pointing to Bitcoin’s resilience over the past two years amid challenges such as bankruptcies, regulatory hurdles, and banking crises,Bitcoin’s fundamentals drive its growth.
#BTC #etf #SECApprovalJourney #BitcoinETF💰💰💰

🚀 Here’s How Each Spot Bitcoin ETF Is Different

The Securities and Exchange Commission has given the green light to several Bitcoin ETFs, each with its unique features after an extensive review. Let's explore the distinctions that set them apart and empower investors with choices. 🌐💰

🔍 How the ETFs Differ: A Closer Look

While all approved Bitcoin ETFs align with SEC regulations, they showcase distinctive elements catering to varied investor preferences.

1️⃣ ETF Fees: A Range of Options

Bitwise leads with a minimal fee of 0.20%, while Grayscale's GBTC carries the highest fee at 1.5%.Other players like Ark 21Shares, VanEck, and Fidelity present competitive fee structures, offering investors flexibility.

2️⃣ ETFs Bitcoin Custodian: Diverse Approaches

Most ETFs rely on Coinbase Custody Trust, but VanEck (Gemini Custody), Valkyrie (Xapo Bank), and Fidelity (self-custody) take unique paths.

The choice of custodian adds layers to the diversity of these investment options.

3️⃣ Stock Exchanges: Where They Call Home

The common choices include NYSE, NASDAQ, and Cboe BZX Exchange, but Invesco Galaxy Bitcoin ETF stands out, listed on DTCC.

The exchange location can impact accessibility and visibility for investors.

4️⃣ Authorized Participants: Ensuring Liquidity

Key financial institutions like JP Morgan Securities, Jane Street, and Virtu Americas are enlisted by Bitcoin ETF issuers.

The participation of these entities enhances liquidity and efficiency in creating and redeeming shares.

🌐 Explore Your Options, Stay Informed!

Get ready to navigate the diverse landscape of Bitcoin ETFs! Whether you lean towards the low fees of Bitwise or the unique custodial approach of Fidelity, understanding these differences empowers you as an investor. 🚀💼

📰 For more in-depth insights into the crypto world, follow The Blockopedia!

#SECApprovalJourney #ETFsApproval #ETFTWEET #cryptocurrency #crypto2024

🚀 Bitcoin spot ETFs launch to $500 million opening day inflow 💼📈

The financial landscape has been reshaped with the momentous launch of Bitcoin spot Exchange-Traded Funds (ETFs), marking a pivotal shift in regulatory dynamics. The recent green light from the Securities and Exchange Commission (SEC) has ignited a flurry of activity, welcoming major players like Invesco, Fidelity, and BlackRock (NYSE:BLK) into the competitive arena.

🏛️ Major Players Enter the Fray: Invesco, Fidelity, and BlackRock Lead the Charge!

BlackRock's Bitcoin spot ETF, IBIT, made a resounding debut, witnessing an impressive trading volume of $7.5 million shares. The industry's excitement was palpable as pension funds and insurance companies poured in capital, contributing to a remarkable $500 million on the inaugural day of trading.

💹 Market Response: Bitcoin Surges to $49,000 Amidst Supply Pressure Anticipation!

Bitcoin, reacting dynamically to the news, experienced a momentary spike to $49,000 before stabilizing at a still-impressive $46,000. This movement underscores the market's anticipation of supply pressures following the launch of these groundbreaking ETFs.

🌐 The New Era of Bitcoin Investment: What's Next?

As the crypto world embraces this historic development, the launch of Bitcoin spot ETFs opens up new avenues for institutional investors and signals a growing acceptance of digital assets in traditional finance.

🔥 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Insights! 🚀🌐

#ETFsApproval #ETFApproved #SECApprovalJourney #cryptocurrency #crypto2024

Something Big coming

I'm going to SEC Chamber. I want to approve #ETF today.

#SECApprovalJourney #ETFBoom

#BTC #BTCETFSPOT #BTC2024
🚀 Exciting Times for Crypto: Will SEC Approve Bitcoin Spot ETFs Today? 📈 Cryptocurrency Journalist Unveils Insights!

🔍 Rumors have been buzzing about potential SEC approval for Bitcoin Spot ETFs on Tuesday or Wednesday. What's the real scoop? 🤔

📰 **Latest Update:** According to Reuters, the SEC is anticipated to share information about Bitcoin Spot ETF applications for approval today or tomorrow. However, the approval timeline remains uncertain.

🗣️ **Insider Perspective:** Cryptocurrency journalist Eleanor Terrett weighed in, expressing skepticism about immediate approval. Terrett suggested that based on discussions with applicants, the SEC might need time to review changes in the S-1 forms filed last Thursday/Friday.

💡 **Insights into Approval Timeline:** Terrett highlighted that if the SEC follows a timeline similar to ETH futures in October, issuers might receive notifications after this review round. The final S-1s could be filed within the next 24-48 hours.

📆 **Realistic Outlook:** With SEC employees on leave since Friday, Terrett deems confirmation on Tuesday or Wednesday unlikely but remains optimistic. "Whatever happens, the next two weeks will be exciting for crypto," says Terrett.

🚨 **Disclaimer:** This update is not investment advice.

👻 **Stay Tuned for Crypto Thrills! Follow Mr Ghost for the Latest Updates!** 🚀 #CryptoNews #BitcoinETF #SECApprovalJourney

Hey traders hope you're doing good. I have to say that take your trades smartly because the market is very violate, especially after the recent #SecGov fake tweet. So stay safe

#etf #BTC #SECApprovalJourney

Crypto Revolution Unleashed!

🚀🔓 SEC Greenlights All Major Spot Bitcoin ETFs:

• BlackRock
• Valkyrie
• Hashdex
• ArkInvest
• VanEck
• Bitwise
• Fidelity
• Franklin
• Grayscale
• WisdomTree
• Invesco Galaxy

Prepare for a Transformative Era in Crypto Investing! #SECApprovalJourney #BitcoinETFs!
Like, Share, and Follow @MemeLauncher for more groundbreaking crypto updates! 🌐💡💰

The Spot #BitcoinETF💰💰💰 will be accepted in within next 2 hours.

Get ready. #BTC #etf #SECApprovalJourney $BTC

#BTC #SECApprovalJourney

The Securities and Exchange Commission (SEC) did not employ basic security measures on its X (formerly Twitter) account when it was "compromised" to spread false bitcoin ETF news, according to the social media company.

Late Tuesday, X's Safety team said it had completed its "preliminary investigation" into the SEC's market-moving, false post on approval of bitcoin ETF applications, which the regulator blamed on its "compromised" account.

The compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party," X's Safety account posted

We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security," X posted.

EVERY ONE WAITING FOR APPROVAL SO HE DID IT😂😂😂$BTC

🚀 BIG NEWS in the Crypto World! 🌐 The SEC just gave the green light to 11 spot Bitcoin ETFs, including offerings from Bitwise, Grayscale, BlackRock, and more!
📈 Trading expected to kick off tomorrow. Are you ready to ride the wave of potential crypto gains? 🌊💸
#cryptonews #BitcoinETFs! #SECApprovalJourney
#BitcoinETF💰💰💰
#ETFApprovalDreams

#etf #SECApprovalJourney #sectwitterhack
don't waste money in big Wales move. .

again dramatic🎭 seen . . . why thewhy the Twitter is is compromised. . . this all what black rockblack rock doing. . remember they don't they don't don't want not not allowed you you to get get profit easily

stay alert. . don't invest. . hold on

Bitcoin Booms Among US Advisors After ETF Approval

US financial advisors are buzzing with excitement as Bitcoin gains immense popularity, spurred by the recent approval of Bitcoin Exchange-Traded Funds (ETFs). 88% of advisors express a keen interest in adding Bitcoin to their portfolios, a surge directly linked to the newfound approval of Bitcoin ETFs.

Game-Changer ETFs
The approval acts as a game-changer, providing a regulated and accessible entry point for traditional financial players, marking a significant shift in investment strategies.

Driven by Returns and Diversification
Advisors are attracted to Bitcoin for its potential returns and portfolio diversification benefits. Institutional acceptance adds a layer of positive sentiment.

Balancing Risks
Despite the enthusiasm, advisors are cautious, acknowledging and actively managing the risks associated with the volatile cryptocurrency market.

Meeting Client Demands
The surge in interest is driven by client demand, reflecting a shift in preferences. Advisors are adapting to meet these evolving client needs.

Empowering Through Education
Recognizing the need for knowledge, advisors are engaging in educational initiatives, using training programs to bridge gaps in understanding Bitcoin.

Paradigm Shift Confirmed
The approval of Bitcoin ETFs has led to an 88% surge in interest among US financial advisors. This trend signifies a paradigm shift towards cryptocurrency adoption in traditional financial strategies, backed by the pursuit of returns, diversification, and a response to client demands.

#BTC #etf #XAI #tia #SECApprovalJourney $BTC 😘

This is a lie, 𝕏 was not hacked.

A simswap attack and the absence of 2 factor authentication compromised the SEC's account.

A Simswap is a 3rd party service provider issue.

Not enabling 2FA is a user competence issue.

#etf #ETFApprovalDreams #ETFsApproval #SECApprovalJourney

🚀 BOOM! Bitcoin ETFs Land in USA 🇺🇸

The news you've been waiting for: The SEC has officially greenlit the first-ever Bitcoin spot ETFs for trading in the US!

You can now buy and sell Bitcoin through ETFs on major exchanges like NYSE, Nasdaq, and CBOE.

All 11 ETF applicants, including big names like Grayscale, BlackRock, Valkyrie, Ark Invest, Invesco, and Fidelity!

Some ETFs, like Ark’s and Fidelity’s, may start trading today at 9:30 AM ET.

Disclaimer: This is just info, not financial advice. Do your own research before making money moves.

#BTC #etf #SECApprovalJourney #ETFApprovalDreams #FortuneForge

$BTC $ETH $BNB

📰 Blockworks reports that the U.S. Securities and Exchange Commission (SEC) hasn't scheduled a voting meeting for Bitcoin spot ETF approval but suggests the possibility of alternative approval methods. The next meeting where SEC members can vote is set for January 11, following the deadline for responses to Ark and 21Shares' applications. However, SEC Chairman Gary Gensler can conduct an anonymous vote on Bitcoin spot ETF approval without convening a meeting, allowing members to vote in sequence. Delegation of decision-making authority is also an option, but objections within 10 days can lead to a full committee vote, potentially delaying the process. The SEC responded that approved securities reports are reflected in the EDGAR system, and all Form 19b-4 approvals are published on the website and official gazette. 📊🤝 #BitcoinETF💰💰💰 #SECApprovalJourney 🚀💼

📢Valkyrie, ARK Invest and21 Shares has filed a Securities Registration Application (Form 8-A) with the U.S. SEC for a Bitcoin Spot ETF.

🟠Form 8-A is simply a registration of securities that needs to be completed before the ETF can be launched, it does not mean that the ETF has been approved.
#BTCETFSPOT #SECApprovalJourney

Why is Bitcoin price volatile today?

According to cointelegraph market update report,
Bitcoin price is showing an uptick in volatility as traders position for the SEC’s Jan. 10 decision on spot BTC ETFs.
 Price action and frequent fluctuation at the $47,000 level reflects traders’ indecision on Jan. 9. While the market has benefitted from the expectation of a spot BTC ETF approval, there are traders who anticipate the event to be a buy the rumor, sell the news-style event.

Let’s look into the reasons why Bitcoin price is volatile today.

Spot BTC ETF momentum boosts market sentiment
Despite a bevy of macro headwinds, Bitcoin price continues to push higher, with volatility and open interest increasing. On Jan. 8, all spot Bitcoin ETF applicants officially filed the final step in the process.
Now the Securities and Exchange Commission (SEC) is free to potentially approve the spot Bitcoin ETFs.

Former SEC Chairman Jay Clayton noted there is nothing left for the SEC to decide and approval is expected, as a rush of amended S-1s were trickling through on Jan. 9.

While some analysts believe the Bitcoin price is pointing towards a breakout to $50,000, BTC has more than doubled the 2023 returns of gold and the momentum has continued in 2024. MicroStrategy CEO and Bitcoin bull Michael Saylor believes a spot Bitcoin ETF would be the biggest to happen to all finance since the S&P 500 was launched.

The positive sentiment around Bitcoin led the BTC market cap to surpass Berkshire Hathaway on Dec. 5, 2023 and it has remained the 10th-biggest asset by that measure.

Despite BTC’s strength, the SEC continues to proceed cautiously, reissuing a crypto FOMO warning on Jan. 6. On Jan. 8, the SEC released another warning on crypto, despite approval seeming imminent.

Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of this post should be considered as investment advice! Always DYOR before engaging in any crypto venture!
#BTC
#etf
#SECApprovalJourney