SEC Chair Gensler Clarifies Spot Bitcoin ETF Approval, Offers No Assurance On Ethereum ETFs’ Future
Update: 2024-02-15
Description
In a recent CNBC interview, SEC Chair Gary Gensler discussed the January approval of spot Bitcoin ETFs, clarifying that this decision doesn’t necessarily indicate a similar outcome for Ethereum ETFs. Despite significant interest from major firms like Fidelity and BlackRock in launching a spot Ethereum ETF, Gensler hinted at the SEC’s merit-neutral position. The approval of Bitcoin ETFs, he noted, is not an endorsement of Bitcoin, leaving the future of Ethereum ETFs in dark.
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