U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the pending spot Bitcoin exchange-traded fund (ETF) proposals in an interview with Bloomberg. Gensler acknowledged that there are around ten Bitcoin ETF proposals awaiting a decision from SEC staff. While he declined to comment on the possibility of approving multiple spot Bitcoin ETFs simultaneously, he confirmed that the SEC is currently reviewing multiple filings and providing feedback to issuers. Gensler also mentioned Grayscale’s attempt to convert its GBTC fund into a Bitcoin spot ETF, stating that the SEC did not appeal the court decision allowing the review of Grayscale’s application. However, he did not provide further details on the matter. It is important to note that any decision regarding Grayscale’s proposal will not necessarily apply to other spot Bitcoin ETF proposals. Gensler’s comments came after an inaccurate report circulated on social media claiming that the SEC had approved BlackRock’s spot Bitcoin ETF proposal, causing a temporary surge in Bitcoin’s price.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Gary Gensler
Companies	BlackRock, Grayscale, Bloomberg, Bitcoin exchange-traded fund (ETF), SEC
Currencies	Bitcoin
Securities	None