SEC's X Account Hacked, Causing Bitcoin ETF Frenzy The SEC's X account falsely announced approval of a Bitcoin investment product, sparking excitement in the cryptocurrency industry. However, it was revealed to be a hack, leading to disappointment and highlighting the industry's eagerness for a Bitcoin ETF approval. This incident comes amidst growing anticipation for the SEC's decision on allowing a Bitcoin ETF, with significant financial firms ready to launch such products.