Gensler says SEC’s approval of spot bitcoin ETFs in January was ‘cabined’ | Headlines | News | CoinMarketCap
02/14/2024 23:23
Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that the regulator's decision to approve spot bitcoin ETFs shouldn't …
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Published on February 14, 2024 15:55 GMT+00:00edited on February 14, 2024 16:01 GMT+00:00
Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that the regulator's decision to approve spot bitcoin ETFs shouldn't necessarily signal how it might respond to Ethereum in the future.
"What we did in January was cabined to one set of filings," Gensler in an interview with CNBC "We have other filings… in front of us, but I'm not going to prejudge it for you or the audience. That's something that a five member commission discusses and reviews."
Big name firms such as Fidelity and BlackRock have applied for a spot Ethereum ETF over the last few months in hopes that the SEC would approve such a product following its approval of spot bitcoin ETFs last month. Crypto experts have had mixed opinions about whether or not a spot Ethereum ETF will gain approval …