A Securities and Exchange Commission decision on spot bitcoin ETFs is expected Wednesday.
Some, including Valkyrie’s co-founder Steven McClurg, believe that the SEC will grant approval to the spot bitcoin ETF proposals even after the regulatory agency’s X account was compromised on Tuesday.
An “unknown party” accessed the account and posted that the agency had approved spot bitcoin ETFs. Fifteen minutes later, Chair Gary Gensler — from his own account — clarified that the post was “unauthorized” and that the agency had not issued a decision.
On Wednesday, ahead of any sign of formal approval, the named exchanges began filing acceleration requests to list the spot bitcoin ETFs, pending approval.
While a notice of acceleration doesn’t point directly to approval, it shows the exchanges and issuers are seeking to launch the funds as soon as possible. It’s also…
