Securities and Exchange Commission (SEC) Chair Gary Gensler mentioned that the agency is currently reviewing multiple applications for spot Bitcoin exchange-traded funds (ETFs). Gensler stated that the SEC staff is continuing their review process, and the applications need to go through a filing process similar to an IPO. The Division of Corporation Finance provides feedback, while the Division of Trading and Markets examines the filings. This article does not provide any new details on the status of the applications. However, Gensler’s comments indicate the ongoing efforts of the SEC to assess and regulate Bitcoin ETFs.

AI Sentiment: Positive