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In response to hypothesis {that a} Bitcoin exchange-traded fund (ETF) will probably be accepted, one Bitcoin consumer has determined to commemorate the interval by writing textual content into the blockchain. On Jan. 9 at 7:24 pm UTC, a transaction was confirmed with textual content that learn “SEC Chairman getting ready to second ETF approval.”
The memorialization paraphrases Bitcoin’s pseudonymous inventor, Satoshi Nakamoto, who famously inscribed the textual content “Chancellor on brink of second bailout for banks” into the primary Bitcoin block. In each circumstances, the textual content was inserted into the OP-RETURN discipline of the transaction, preserving it for so long as the Bitcoin blockchain exists.
The US Securities and Change Fee (SEC) has not but accepted even a single spot Bitcoin ETF. Nevertheless, it did approve the primary Bitcoin futures ETF in October 2021, which can account for why the creator of the Jan. 9 publish referred to the “second ETF approval” as being “on the brink” relatively than the primary. The phrase “second” might have additionally been inserted simply to make it much like Satoshi’s authentic.
Associated: Bitcoin ETF approval ‘rehearsal’ favored sell-the-news reaction — Analyst
Just some hours earlier than the message was posted, the SEC’s X account posted a message stating that every one spot Bitcoin ETFs had been accepted. The message turned out to be false, with SEC Chair Gary Gensler shortly posting a message contradicting the information and stating that the regulator’s account had been compromised. Three U.S. Senators have asked Gensler to provide a report on how the hack was allowed to happen.
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