Gary Gensler, in a speech at the Healthy Markets Association s conference, reiterated the Commission’s position that bitcoin remains a commodity. The group is responsible for matching the bids of all potential issuers. It’s a time-tested process. Therefore, there is no point in commenting on the timing or anticipating future expert judgment on the bitcoin-ETF,” Gary Gensler announced.
The SEC chief confirmed that the regulator recently held new meetings with representatives from Grayscale, Invesco and BlackRock to discuss an approach to address “the impact and risks of launching a bitcoin-ETF.”
The day before, Bloomberg senior analyst Eric Balchunas said he and his colleagues are 90 percent confident that spot bitcoin-ETFs will be approved by Jan. 10.
Galaxy Digital CEO Michael Novogratz previously shared his opinion that the launch of cryptocurrency ETFs will have a positive impact on the bitcoin exchange rate.
that the launch of cryptocurrency ETFs would have a positive impact on bitcoin, but that it would require changes “at the top of the U.S. government”.