The US Securities and Exchange Commission (SEC) Chair Gary Gensler has stated that the agency is reviewing multiple applications for Bitcoin exchange-traded funds (ETFs). Gensler mentioned that applicants must follow a filing process similar to a public offering, and the SEC staff has provided feedback to potential issuers. However, he did not comment on whether the regulatory body would approve individual ETFs or wait for a collective approval. Gensler did not discuss the Grayscale Investments court case, leading to speculation that ongoing discussions and negotiations might be occurring behind the scenes. The SEC has already approved Bitcoin futures ETFs but has yet to approve any spot Bitcoin ETFs. This information is deemed informational and not investment advice.
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