"SEC Faces Deadline Day for Bitcoin ETF Decision Amid Account Compromise Concerns"

1 min read
Source: The Wall Street Journal
"SEC Faces Deadline Day for Bitcoin ETF Decision Amid Account Compromise Concerns"
Photo: The Wall Street Journal
TL;DR Summary

The Securities and Exchange Commission faces a final deadline on Wednesday to rule on at least one of 11 applications for exchange-traded funds that hold bitcoin. The decision is highly anticipated by cryptocurrency enthusiasts, and the potential approval of these applications is seen as a positive sign for bitcoin. There was some confusion late Tuesday when a social media post claimed the SEC had approved the funds, but the agency quickly clarified that its account had been "compromised."

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