As crypto advocates celebrate the historic approval of a physical Bitcoin (BTC) exchange-traded fund (ETF) on January 10, X (formerly Twitter) remains silent on its platform. There is one user.
Over the past day, tens of thousands of crypto users on X flooded the platform to celebrate the approval of the Spot Bitcoin ETF. The hashtag #BitcoinETF is trending on X and the search term “Bitcoin ETF” has reached the highest score of 100 on Google Trends.
Many crypto users on X said it was a historic day as 11 issuers received approval to list and trade Bitcoin ETFs on US exchanges.
“This is a big deal. But keep in mind that it almost never materialized,” Coinbase Chief Legal Officer Paul Grewal wrote, adding that Grayscale's backlash against the SEC could lead to ETF He added that this was the key to getting his approval over the line. SEC Commissioner Hester Pierce echoed similar sentiments in a public statement on the matter.
This is a big deal. But keep in mind that this almost never happened. 1/3 https://t.co/ldVkLgTcqr
— paulgrewal.eth (@iampaulgrewal) January 10, 2024
However, one party, despite being a regular contributor to X, remained mostly silent about the event.
The SECGov came After “failed” tweet regarding Bitcoin ETF approval.
“The @SECGov
But that hasn't stopped Crypto X from tagging SECGov in a ton of posts. about More complex details of the approval process and whipping The regulator blamed “obvious incompetence” in handling account security.
Related: SEC says it is working with the FBI to investigate 'compromised' ETF tweets
The SEC's post about the account hack is currently the most-liked post in the account's history on X, with over 18,000 likes and over 8.1 million impressions. ing.
of @SECGov X account has been compromised and fraudulent posts have been posted. The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products.
— U.S. Securities and Exchange Commission (@SECGov) January 9, 2024
Other major companies, including one ETF issuer, also took notice of the announcement.
Franklin Templeton's official X account has updated its logo with laser eyes. This is a symbol used by Bitcoin supporters on social media to demonstrate ideological alignment with the asset.
#new profile photo pic.twitter.com/OZTfkehgUa
— Franklin Templeton (@FTI_US) January 10, 2024
James Seifert, Bloomberg ETF Analyst said ETF will likely go live Trading is possible from January 11th at the earliest.
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