Gensler says SEC’s move to approve spot bitcoin ETFs was limited, despite excitement about possible Ethereum ETFs | Headlines | News | CoinMarketCap
01/25/2024 01:57
Securities and Exchange Commission Chair Gary Gensler said Wednesday that the agency's move to approve several spot bitcoin exchange-traded products …
The Block28 minutes ago
Foresight
SEC
Chair
Block
Gary
Published on January 24, 2024 18:29 GMT+00:00edited on January 24, 2024 18:39 GMT+00:00
Securities and Exchange Commission Chair Gary Gensler said Wednesday that the agency's move to approve several spot bitcoin exchange-traded products earlier this month was limited to just the single cryptocurrency, despite some anticipation by some that spot Ethereum ETFs could be next to gain approval.
"As I said two weeks ago, that which we did with regard to bitcoin exchange traded products is cabined to this one commodity non-security and shouldn't be read to be anything other than that," Gensler said during a media briefing when asked for his thoughts on ether ETFs.
The agency approved 11 spot bitcoin ETFs on Jan. 10 following a decision in a D.C. court by three judges that said the SEC had to re-review a bid for Grayscale's spot bitcoin ETF application.
Gensler said …