The U.S. Securities and Exchange Commission (SEC)'s social media account on platform X was hacked. A message was posted announcing the approval of a Bitcoin ETF (Exchange Traded Fund). This misinformation was corrected half an hour later.

An ETF is a fund traded on stock exchanges. Approval of spot Bitcoin ETFs would allow investors to buy fund shares through regular brokerage accounts, bypassing the need to deal with cryptocurrency exchanges and wallets.

This event was highly anticipated in the cryptocurrency industry. The SEC's decision on Bitcoin ETFs is still pending. #btc #sec $BTC