Claim $500Gary Gensler Confirms Review of Numerous Bitcoin ETFs
The race for the first Bitcoin ETF in the United States is gaining momentum. SEC Chairman Gary Gensler confirmed that the commission examines 8–10 applications for a spot Bitcoin ETF. These revelations, signaling potential market evolution, come amid an impressive Bitcoin rally, heightening stakeholder anticipation.
Gary Gensler Speaks on Bitcoin ETF Reviews
Gary Gensler’s comments have further stirred the market’s curiosity. Speaking with Bloomberg, the SEC Chairman emphasized the commission’s dedicated scrutiny of several applications. Moreover, he underscored the extensive consideration the staff is granting these filings, highlighting the regulatory body’s thorough review approach.
However, Gensler, known for his critical stance on digital assets, maintained an objective tone regarding the process. Given these developments, the industry’s buzz surrounding a possible Bitcoin ETF approval has intensified. Consequently, this acknowledgment by the SEC’s head indicates a significant shift in the regulatory landscape for digital assets.
Bitcoin’s market responded promptly with a notable rally. Investors and market analysts link this positive surge directly to the ongoing speculation about the impending ETF approvals. This market optimism reflects the widespread belief that approval isn’t just possible, but could be forthcoming.
Significantly, this development could mark a historic moment in the cryptocurrency sector. Introducing a Bitcoin ETF is expected to provide mainstream investors with a more accessible avenue to venture into digital assets, potentially heralding increased market stability.
SEC Charges BlackRock in Settlement Case
In other news, the SEC’s regulatory scope extended beyond digital assets. The commission recently charged BlackRock over misrepresentations concerning entertainment industry investments. The allegation, centered around reporting inconsistencies linked to the Aviron Group, resulted in a cease-and-desist order against the asset giant.
Despite not admitting the allegations, BlackRock agreed to settle, accepting a $2.5 million penalty. This case serves as a reminder of the SEC’s active role in ensuring compliance across diverse investment avenues.
Read Also: Court Approves Coinbase’s Request For Oral Arguments In SEC Lawsuit
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Nearly $50M in USDT Stolen After Address Poisoning Scam Targets Crypto Trader Wallet
- Breaking: Rep. Max Miller Unveils Crypto Tax Bill, Includes De Minimis Rules for Stablecoins
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
