Bitcoin ETF

Bitcoin

Gary

<div class="cryptonews">
 <p class="is-style-lead">U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that the regulator has updated its approach to Bitcoin (BTC) ETFs.</p>
 <p>In an interview with CNBC, Gensler was asked about considering <a rel="noopener noreferrer nofollow" title="applications" href="https://thebittimes.com/tag/applications.html">applications</a> for spot Bitcoin ETFs. In response, the head of the regulator noted that the SEC is now considering “from eight to a dozen <a rel="noopener noreferrer nofollow" title="applications" href="https://thebittimes.com/tag/applications.html">applications</a>.”</p>
 <p>According to Gensler, the SEC has rejected several <a rel="noopener noreferrer nofollow" title="applications" href="https://thebittimes.com/tag/applications.html">applications</a> in the past, however, the regulator now appears to be changing course.</p>
 <blockquote class="wp-block-quote">
  <p>“We’re <a rel="noopener noreferrer nofollow" title="taking" href="https://thebittimes.com/tag/taking.html">taking</a> a new look at this based upon those court rulings.”</p> <cite>Gary Gensler, SEC Chairman</cite>
 </blockquote>
 <p>News anchor Sarah Eisen asked if he was referring to the Grayscale case, with Gensler sidestepping the question saying that everything at the SEC is done “within the confines of the laws passed by Congress and how the courts interpret them.”</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> SEC may refuse Grayscale’s Bitcoin ETF despite court win
 </div>
 <p>While Gensler does not comment on the consideration of <a rel="noopener noreferrer nofollow" title="applications" href="https://thebittimes.com/tag/applications.html">applications</a> for spot Bitcoin ETFs, he instead avoided a direct answer to the question about progress for the highly anticipated move.</p>
 <p>However, the crypto community and experts expect that the first decisions on applications for spot Bitcoin ETFs could be made as early as January 2024. Several large asset managers are currently awaiting fund approval, including BlackRock, Fidelity, Grayscale, Invesco, VanEck, and Valkyrie.</p>
 <p>The optimistic mood of the community is also supported by a series of meetings between the SEC and representatives of the companies with <a rel="noopener noreferrer nofollow" title="applications" href="https://thebittimes.com/tag/applications.html">applications</a> in, with at least three meetings having taken place in recent weeks.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> SEC Chair Gary Gensler comments on prospects for spot Bitcoin ETF
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-is-taking-new-look-at-spot-bitcoin-etf-applications-tbt73770.html">https://thebittimes.com/sec-is-taking-new-look-at-spot-bitcoin-etf-applications-tbt73770.html</a></p>

SEC is taking ‘new look’ at spot Bitcoin ETF applications

TheBitTimes

Other articles published on Dec 15, 2023

Cardano (ADA) DeFi TVL Jumps 180%, Will ADA Price Break $0.7?

Intel Unveils Gaudi3 AI Chip to Compete with Nvidia and AMD

Top 5 Crypto Alternatives Poised To Outshine The Rise Of Bonk

TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023

Ledger ‘Hardware’ Wallet Has Been Hacked, About $484,000 Lost In The Heist

6 Costly Crypto Mistakes to Avoid in 2024

Join our free newsletter for daily crypto updates!