Summary
The SEC briefly posted and then deleted a document claiming that 11 proposed bitcoin ETFs had been approved for listing. The document listed the issuers and their proposed products but its veracity has not been confirmed. Grayscale Investments stated that they had been in contact with the SEC and were told their product had been approved. However, another issuer, Valkyrie, claimed they had not heard from the SEC after the document was taken down. The SEC’s official account had been compromised earlier in the week and falsely posted that bitcoin ETFs had been approved. The SEC is now working with law enforcement to investigate the matter.
Key Points
1. The SEC reportedly approved a number of spot bitcoin ETFs, including those proposed by BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Valkyrie, Invesco, WisdomTree, Franklin Templeton, Hashdex, Ark Invest, and 21Shares.
2. A post appeared on the SEC’s website stating that all 11 proposed bitcoin ETFs had been approved, but the order was quickly deleted. The veracity of the document has not been confirmed.
3. Grayscale Investments claimed that their product, the Grayscale Bitcoin Trust (GBTC), had received necessary approvals to uplist to NYSE Arca. However, other issuers, such as Valkyrie, had not heard from the SEC after the link was taken down.