The Securities and Exchange Commission said Tuesday that a post from the agency on X puportedly 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 firme for the bitcoin ETFs.

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.

— Gary Gensler (@GaryGensler) January 9, 2024

Neither the SEC nor X immediately replied to a request for comment.

The SEC is widely expected to give the green light this week for a number of financial firms, including industry giants BlackRock, Fidelity Investments and Franklin Templeton, to offer spot bitcoin ETFs. The approvals could spur investment in bitcoin and bolster cryptocurrency industry, pouring billions of dollars into the turbulent digital assets market, according to experts.