Crypto X is excited about Bitcoin ETFs, but someone hasn’t posted for 24 hours.

The SEC's X account has stayed quiet on social media following a botched announcement the day before.

🚀 Celebrations and Silence: Crypto Community Reacts to Bitcoin ETF Approval 🎉😶

The crypto world is buzzing with excitement as spot Bitcoin exchange-traded funds (ETFs) finally receive historic approval on January 10. However, amidst all the celebration, one account remains notably silent on the platform – and it belongs to none other than the United States Securities and Exchange Commission (@SECGov) on Crypto X.

Thousands of crypto enthusiasts have inundated the platform, expressing their joy over the approval of spot Bitcoin ETFs. The hashtag #BitcoinETF is trending on Crypto X, while “Bitcoin ETF” has hit a perfect score of 100 on Google Trends.

“This is a big deal. But keep in mind it almost didn’t happen,” writes Coinbase chief legal officer Paul Grewal, acknowledging Grayscale’s efforts in pushing back against the SEC as instrumental in securing the ETF approvals. SEC Commissioner Hester Pierce shares similar sentiments in her official statement.

However, amidst all the noise, the @SECGov account has been conspicuously quiet. The last post on their account was a confirmation of a security breach on January 9, which occurred after an ill-timed tweet about Bitcoin ETF approvals.

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• 🚀 Breaking News: SEC Approves Bitcoin Exchange-Traded Funds (ETFs)

“The @SECGov X account was compromised, and an unauthorized post was made. The SEC has not approved the listing and trading of spot Bitcoin exchange-traded products,” reads the final message posted by the account.

Despite this, Crypto X users have still flooded @SECGov with a deluge of posts, ranging from details about the approval process to harsh criticisms of the regulator’s “glaring incompetence” in handling their own security.

Q&A Section

Q: Why is the approval of spot Bitcoin ETFs considered historic? A: The approval of spot Bitcoin ETFs is historic because it marks a significant step in bringing Bitcoin into mainstream financial markets. It allows investors to gain exposure to Bitcoin without directly owning the cryptocurrency, making it more accessible and potentially attracting institutional investors.

Q: Who played a crucial role in getting the Bitcoin ETF approvals? A: Grayscale’s pushback against the SEC was instrumental in securing the Bitcoin ETF approvals. Their efforts, along with the support of other industry players, helped pave the way for this historic milestone.

Q: What happened with the SEC’s Twitter account? A: The SEC’s account was compromised, leading to an unauthorized post regarding the approval of spot Bitcoin ETFs. The SEC promptly clarified that the post was not legitimate and stated that they had not approved the listing and trading of these products.

Q: How has the Crypto X community reacted to the SEC’s account breach? A: The Crypto X community responded with a tidal wave of posts directed at the @SECGov account. Some users expressed concern about the intricacies of the approval process, while others criticized the SEC for their perceived incompetence in ensuring the security of their own account.

Aside from the @SECGov account’s silence, other notable players in the industry seized the opportunity to gain traction from the ETF approvals. Franklin Templeton, an issuer that had its ETF approved, updated its logo on Crypto X with a pair of laser eyes, which is a symbol often associated with Bitcoin advocates.

According to Bloomberg ETF analyst James Seyffart, the ETFs are expected to be available for trading as early as January 11.

Q&A Section

Q: What are spot Bitcoin ETFs? A: Spot Bitcoin ETFs are exchange-traded funds that track the price of physical Bitcoin in real-time. They enable investors to gain exposure to the price movements of Bitcoin without actually owning the cryptocurrency, making it more convenient and regulated.

Q: How soon can we expect the Bitcoin ETFs to be live for trading? A: There are indications that the Bitcoin ETFs could be available for trading as soon as January 11. This would mark a significant milestone for the industry and potentially attract a wave of institutional investments.

Q: What does the symbol of laser eyes represent in the crypto community? A: The symbol of laser eyes has become a popular way for Bitcoin enthusiasts to display their belief in the future price appreciation of Bitcoin. It signifies a shared optimism and serves as a rallying symbol for the crypto community.

In conclusion, the approval of spot Bitcoin ETFs has sent shockwaves through the crypto community, with celebrations and anticipation running high. While the SEC’s @SECGov account remains silent, the industry as a whole is eagerly waiting for the ETFs to go live and potentially open the doors to a new wave of institutional investments.

📚 Reference Links: – Bitcoin BTC Price Pumps Towards $45,000: Reporter Claims SEC to Approve Multiple BTC ETF Applications; News Expected Soon Tomorrow – Bitcoin ETF Approval Frenzy Begins as SEC Finally Approves First Spot Bitcoin ETFs; Bitcoin Remains Unresponsive – Shiba Inu Rival Set to Reach Similar Trading Volumes as SHIB? Experts Analyze – Gary Gensler Says Official SEC Account Compromised: What’s Going On? – Fake Bitcoin ETF Approval Tweet Gives Sneak Peek of ETH Price Spike: Ethereum ETF Approval? – CBOE Predicts Spot Bitcoin ETFs to Draw Investments from Pension Funds and RIA-Based Funds – Which Gaming Guild Positioned Itself Best for the Bull Market?

Now it’s your turn to share your thoughts! Are you excited about the approval of spot Bitcoin ETFs? Do you think this will attract more institutional investors? Don’t forget to share this article with your friends and followers!

🙌 Let’s celebrate this historic moment together! 🎉💰✨

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