The post SEC Chair Hints at Shift on Spot Bitcoin ETFs after Grayscale Court Decision! appeared first on Coinpedia Fintech News
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler has suggested that the agency is rethinking its approach to spot Bitcoin exchange-traded products (ETFs) following a recent court decision regarding Grayscale’s Bitcoin Trust. Gensler, speaking to CNBC, revealed that the SEC has “between eight and a dozen filings” for spot Bitcoin ETFs, with several large asset managers, including BlackRock, Fidelity, and VanEck, among the applicants. Gensler’s comments came after a federal judge overturned the SEC’s decision to deny Grayscale’s ETF offering in August. Analysts predict batch approval for spot Bitcoin ETFs in early January.
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