Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), commented on pending spot Bitcoin ETF applications on Dec. 14.
When asked by CNBC anchor Sara Eisen about the likelihood of these applications being approved, Gensler responded:
“We have … between eight and a dozen [spot Bitcoin ETF] filings … And as you might know, we had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that. And so we’re taking a new look at this based upon those court rulings.”
Eisen noted that the ruling in question concerned Grayscale Investments, which, earlier in 2023, won the right to have the SEC review an application through which it intends to convert its GBTC fund to a spot Bitcoin ETF.
Eisen added that many market participants see the Grayscale ruling as indicating that a spot Bitcoin ETF “might finally…
