SEC Chairman: Approval of Spot Bitcoin ETF Should Not Be Overinterpreted
SEC Chairman Gary Gensler stated on Wednesday that despite expectations that a spot Ethereum ETF might be the next to receive approval, the agency's recent approval of several spot Bitcoin trading products earlier this month is limited to this particular cryptocurrency.
When asked about his views on an Ethereum ETF during a media briefing, Gensler said, “As I said two weeks ago, what we did with the bitcoin trading platform products is limited to this non-security commodity and shouldn't be read as beyond that.”
Gensler noted, “In that context, there's more disclosure. They are now listed on stock exchanges rather than traded in the over-the-counter markets. There are 10 or 11 listed now, bringing a certain level of competition. You've seen some competition, and investors benefit from it because the fees have come down.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
South Korea: Upbit Investigated for Over 500,000 KYC Violations
MacBook Users with Intel Chips Urged to Update for Enhanced Security
Solana-Based Trading Terminal DEXX Hacked, Over $21M in User Losses
South Korea to Enforce 20% Crypto Tax in 2025 with Increased Exemption Limit
0.00