Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC), hinted at a potential shift in the SEC’s perspective regarding spot Bitcoin exchange-traded fund (ETF) applications during an interview with CNBC.
In the CNBC interview, Gensler disclosed that the SEC is actively reconsidering its approach to spot Bitcoin ETF applications. “And as you might know, we had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that,” said Gensler. “And so we’re taking a new look at this based upon those court rulings.”
A spot Bitcoin ETF differs from its futures-based counterpart as it allows investors direct exposure to Bitcoin without relying on futures contracts. This distinction could potentially facilitate easier access to BTC for traditional investors seeking exposure.
The SEC has historically maintained a negative approach towards approving spot Bitcoin ETFs due to concerns surrounding market manipulatio
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