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Bloomberg ETF analyst Eric Balchunas hinted that it may have been planned to hack the SEC's official Twitter account and share a fake spot Bitcoin ETF approval post.
Late yesterday, a fake news about spot Bitcoin ETF approval was shared from the SEC's account, causing a huge confusion. Making a statement on the issue, Eric Balchunas stated that the incident almost gave the impression that it took place in a planned manner.
He also claimed that although they presented what happened as a "hack" incident, the shared content actually belonged to a real confirmation information, but that an insider changed the timing of this sharing and moved it to an earlier date.
The ETF analyst sarcastically stated that someone was preparing to make this post in a planned way, but they chose the wrong date, and stated that the post in question would have been much more effective if it had been made at the same time on January 10:
“I think someone prepared a planned tweet and put the wrong date because it would make PERFECT sense this time tomorrow.”
The fake news that spot Bitcoin ETF applications were approved, shared by the official account @SECGov late yesterday, followed a similar fake ETF approval post in October and shook the cryptocurrency market.
Balchunas predicts that the SEC will make the official announcement regarding its actual approval on Wednesday, January 10, between 00:00-01:00 CET, and spot Bitcoin ETFs will be opened for trading on exchanges on Thursday, January 11.
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