U.S. Securities and Exchange Commission (SEC) chair Gary Gensler spoke to Bloomberg about several pending spot Bitcoin (BTC) ETFs on Oct. 18.
He noted that he personally cannot pre-judge those proposals and declined to comment on widespread suggestions that the SEC might approve multiple spot Bitcoin ETFs at once. However, he confirmed that the SEC is currently doing work on “multiple filings” and said that various divisions are providing feedback to issuers.
Even if the SEC is compelled to review Grayscale’s application, the agency will not be required to approve the proposed fund. Furthermore, any decision that applies to Grayscale’s proposal will not necessarily apply to other spot Bitcoin ETF proposals.
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