The Securities and Exchange Commission's X account was compromised to post a fake spot bitcoin ETF approval.

"The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," said SEC Chair Gary Gensler.

The account had posted that the SEC had granted approval for listing bitcoin ETFs on all registered securities exchanges with an image showing a quote by Gensler.

"The SEC's @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff," a spokesperson for the SEC told The Block.

Despite the fake approval, it is widely expected that spot bitcoin ETFs will be approved on Wednesday with trading to begin the …