Gary Gensler, the chairperson of the US Security Securities and Exchange Commission, has avoided giving a clear answer when asked about spot Bitcoin ETFs.
When asked by a Bloomberg reporter whether the SEC will approve spot Bitcoin ETFs, Gensler said that he cannot prejudge any proposal regarding the matter. He confirmed that the SEC is working on multiple filings, and various divisions of the agency are talking to ETF issuers and providing feedback to them.
In the interview, the SEC chair declined to comment on any of the ETFs approval while also denying to reveal if the discussion between the ETF issuers and the agency has been productive.
Gensler acknowledged that around 10 spot Bitcoin ETF issuers are currently waiting for confirmation from the SEC staff. These issuers include BlackRock’s iShare, ARK Invest, Fidelity, and others.
The interview also highlighted the legal conflicts between Grayscale and the SEC over the conversion of GBTC fund into a spot Bitcoin ETF.
In August, Grayscale won a court ruling to have its application reviewed by the SEC. The agency was allowed to appeal the court decision, but Gensler confirmed that “We didn’t appeal last Friday,” as no filings materialized. He further declined to say anything on Grayscale’s legislation.
Also Read: Fidelity Amends Bitcoin ETF Filing
