US SEC Posted Fake Spot Bitcoin ETF Approval Tweets, Multiple Applicants Lowered Fee

On Tuesday, the US SEC X account was compromised to post a fake spot bitcoin ETF approval. On Jan. 9, the official X (formerly Twitter) account of the SEC posted that it had granted approvals for Bitcoin ETFs to be listed on all registered national securities exchanges.

Shortly after, SEC chair Gary Gensler denied and said the X account was compromised and an unauthorized tweet was posted.

Meanwhile, multiple spot bitcoin ETF applicants lowered their fees in their amended S-1 filing on Tuesday morning. Bitwise lowered the fee for its spot bitcoin exchange-traded fund down to 0.20% — the lowest among all the current offerings. Valkyrie went from 0.80% to 0.49%, Invesco Galaxy from 0.59% to 0.39% and WisdomTree from 0.50% to 0.30%.