SEC's Decision on Bitcoin ETFs Anticipated Amid Market Speculation

False approval announcement on compromised SEC account causes temporary bitcoin price surge.

Former SEC Chair Jay Clayton has stated that he believes approval of a bitcoin spot ETF is 'inevitable', despite having rejected bids for such an ETF during his tenure.
Current SEC Chair Gary Gensler has issued a warning to investors about the risks of investing in crypto, as the deadline for the SEC to rule on Ark and 21Shares’ bitcoin ETF application approaches.
Several major issuers, including Grayscale, ARK/21Shares, BlackRock, Bitwise, VanEck, Wisdomtree, Invesco/Galaxy, Fidelity, Valkyrie and Franklin Templeton, have submitted their final registration statements for bitcoin ETFs.
A false announcement of the approval of spot bitcoin ETFs was posted on the SEC's official X account, leading to a sharp spike in bitcoin's price; the SEC has since confirmed that the account was compromised and the announcement was unauthorized.
The SEC has not yet approved the listing and trading of spot bitcoin ETFs, contrary to the false announcement.