Mithat Can Kartlaşmış 
Gary Gensler ‘s (SEC Chairman) Ethereum ETF Comment!! U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has stressed that the decisions made on spot ETFs are limited to Bitcoin only.
You might like: SEC Delays Decision on BlackRock’s Ethereum ETF
Following the approval of ETFs by SEC Chairman Gensler, investors have turned their attention to Ethereum. Thousands of investors are waiting for a similar decision to come from this side.
Gary Gensler made the following statement yesterday;
“As I said two weeks ago, our decision on Bitcoin exchange-traded products is limited to this single non-security commodity and should not be interpreted in any other way.
In this respect, the public is also now better informed. They are now pooled in exchanges rather than being traded in over-the-counter markets. 10 or 11 of them started trading at the same time, which created competition. Investors benefited from lower fund fees thanks to this competition.”
All ETFs approved by the SEC began trading on January 11. The total trading volume of the funds, including Grayscale Bitcoin Trust, has exceeded $20 billion.
Gensler believes that his approval has led to a better understanding of the cryptocurrency market.
The SEC filed a lawsuit against Binance and Coinbase exchanges last year. The reason for the lawsuit was that they were operating as exchanges without registration. Sharing his views on the recent hearings, Gensler said the following:
“Looking more generally than a single case, I think investors should know that if they are interested in investing in crypto securities, these crypto security tokens do not always adequately inform them and token operators who do not act in accordance with the law do not inform themselves either.”
Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.