The Securities and Exchange Commission has not yet approved a spot bitcoin exchange-traded fund, an agency spokesperson said on Tuesday, adding that a post on its social media platform X was incorrect.

The SEC’s account had been compromised, the spokesperson said, without providing additional details.

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The SEC was widely expected on Wednesday to finally approve a batch of ETFs that track the price of bitcoin, in a potential watershed moment for the crypto industry.

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The unauthorized post on X said that the SEC had granted approval for bitcoin ETFs on all registered national securities exchanges and included a picture purporting to quote SEC Chair Gary Gensler.