It was the craziest week crypto has had in a long time. And that’s saying quite a lot. 

After months of escalating anticipation, the crypto community entered this week expecting it to finally—after years of waiting—deliver the first approved spot Bitcoin ETFs in Wall Street’s history. 

Nerves were at an all time high, with potentially trillions of dollars worth of asset exposure to Bitcoin on the line. Then, a full day before analysts predicted the verdict would arrive, a post on the Securities and Exchange Commission’s (SEC) Twitter account announced that every single pending spot Bitcoin ETF application on its desk had been approved. 

Crypto Twitter exploded with jubilant euphoria. BTC began pumping. Then, in less than ten minutes, SEC chairman Gary Gensler posted a Tweet asserting that the agency’s account had been hacked.  

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Author: Sander Lutz

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