{"id":8240,"date":"2023-12-15T17:01:15","date_gmt":"2023-12-15T17:01:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=8240"},"modified":"2023-12-15T17:22:26","modified_gmt":"2023-12-15T17:22:26","slug":"gensler-comments-on-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/gensler-comments-on-spot-bitcoin-etf\/","title":{"rendered":"Gensler Comments on Spot Bitcoin ETF!"},"content":{"rendered":"<p><em>United States Securities and Exchange Commission chairman <strong>Gary Gensler,<\/strong> hinted that the regulator is rethinking its detection approach to <strong>Bitcoin<\/strong><\/em><\/p>\n<hr \/>\n<p>During his statement to CNBC on December 14th, Gensler addressed a question about the pending <strong>spot Bitcoin exchange-traded fund (ETF)<\/strong> applications amongst the \u201ceight to a dozen applications\u201d <strong>SEC<\/strong> is currently reviewing.<\/p>\n<p>Although Gensler acknowledged past rejected applications, he disclosed that court decisions have shaped this issue, leading the institution to adopt a new perspective on Bitcoin. &#8220;We are bringing this new perspective to the topic, based on court decisions.&#8221; he expressed.<\/p>\n<p>When news presenter Sara Eisen asked about Grayscale&#8217;s position, Gensler emphasized that the SEC&#8217;s stance is based on laws enacted by Congress and influenced by court interpretations. He also did not hesitate to remind that a federal judge overturned the decision to reject <strong>SEC&#8217;s<\/strong> supply of a <strong>Bitcoin<\/strong> trust through Grayscale Investments&#8217; <a href=\"https:\/\/coinengineer.net\/blog\/?s=etf\"><strong>ETF<\/strong> <\/a> in August.<\/p>\n<p>Many leading asset managers like BlackRock, Fidelity, Grayscale, Invesco, Galaxy, VanEck and Valkyrie are currently participating in the race to launch <strong>spot Bitcoin ETFs<\/strong>. Currently, authorities have postponed all applications, but some analysts predict a collective approval likely to happen in early 2024.<\/p>\n<p>These asset managers aim to attract a larger investor base to the cryptocurrency market through <strong>spot Bitcoin ETFs<\/strong>. The competition of all major players could lead to an increase in institutional interest in crypto assets if such a product is approved. However, the decisions and processes of regulators will play a critical role in determining the outcomes of this race.<\/p>\n<blockquote><p><strong><a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLzpzwsw64TnAw?hl=en&amp;gl=TR&amp;ceid=TR%3Aen\" target=\"_blank\" rel=\"noopener\">Here<\/a> <\/strong>Click to follow us on <strong>Google News<\/strong> Do not forget<\/p><\/blockquote>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>United States Securities and Exchange Commission chairman Gary Gensler, hinted that the regulator is rethinking its detection approach to Bitcoin During his statement to CNBC on December 14th, Gensler addressed a question about the pending spot Bitcoin exchange-traded fund (ETF) applications amongst the \u201ceight to a dozen applications\u201d SEC is currently reviewing. Although Gensler acknowledged<\/p>\n","protected":false},"author":1,"featured_media":8239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1,2],"tags":[534,1979,2072,393,839,2246,1548,1662],"class_list":["post-8240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","category-news","tag-bitcoin-etf","tag-bitcoin-etf-approval","tag-bitcoin-etfs","tag-crypto","tag-gary-gensler","tag-gensler","tag-sec-spot-bitcoin-etf","tag-spot-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gensler Comments on Spot Bitcoin ETF! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"United States Securities and Exchange Commission chairman Gary Gensler, hinted that the regulator is rethinking its detection on Bitcoin ETF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/gensler-comments-on-spot-bitcoin-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gensler Comments on Spot Bitcoin ETF! 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