BTC ETF Fakeout, Ripple Buyback
Jan 10, 2024
Market Update The SEC caused a stir yesterday when it erroneously tweeted about approving a Bitcoin ETF post-market close, which was quickly rectified by SEC Chair Gensler, who stated that it had not been approved and the SEC's Twitter account had been hacked. Many thought the tweet was a premature official announcement, but it was confirmed as a security breach. Despite this incident potentially tarnishing the SEC's reputation, it's unlikely to affect the decision on Bitcoin ETFs. The SEC is compelled to decide on the Ark/21Shares application today without the possibility of delay, and appro