SEC hasn't approved bitcoin ETFs as agency chief says its X account was hacked

The Securities and Exchange Commission said Tuesday that a post from the agency on X purportedly approving spot bitcoin exchange-traded funds was fake, saying its account had been breached.

The SEC's official account on the platform, formerly known as Twitter, was "compromised," SEC Chair Gary Gensler said in a post from his official account on X.

"The @SECGov twitter account was compromised, and an unauthorized tweet was posted," Gensler wrote, adding that the SEC has not yet granted any approvals of the more than a dozen applications by financial firms for the bitcoin ETFs.