There is speculation that Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), may reject spot Bitcoin exchange-traded funds (ETFs) in a surprising move. Bloomberg ETF analysts have discussed the possibility of Gensler allowing spot Bitcoin ETF applications to accumulate before denying them all at once, likening it to a “semi-comedic rug-pull.” While the analysts believe this scenario is unlikely, they acknowledge that a last-minute denial is not entirely off the table. Gensler has a history of delaying and rejecting spot Bitcoin ETF applications, citing concerns about investor protections and market manipulation. The SEC has only approved ETF applications for Bitcoin and Ether futures products, claiming that spot products lack sufficient safeguards.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Eric Balchunas, James Seyffart, Gary Gensler, Dave Nadig, None
Companies	Grayscale, Bloomberg, United States Securities and Exchange, SEC
Currencies	Ethereum, Bitcoin, Lido Staked Ether
Securities	None