'Clown Show' Account Hack Won't Affect Wednesday Bitcoin ETF Approval Deadline, Analysts Say

The false start on a spot Bitcoin exchange-traded fund (ETF) caused by the hack of the Securities and Exchange Commission's (SEC) X (formerly Twitter) account has analysts and traders wondering whether the anticipated Wednesday decision could be delayed. What Happened: The fake approval news by the compromised SEC account caused the price of Bitcoin (CRYPTO: BTC) to whipsaw, liquidating over $200 million in the process.