U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Thursday that the agency’s “new look” at the application for a spot Bitcoin ETF has taken into account recent court rulings.
While the SEC has rejected previous applications for a spot Bitcoin fund for years, a panel of judges ordering the regulator to reconsider Grayscale’s failed bid may be starting to change things. The agency is currently considering more than a dozen applications from major asset managers including BlackRock and Fidelity.
"We've denied many of these applications in the past, but the D.C. court has spoken out here," Gary Gensler told CNBC on Thursday. "So based on these court rulings, we're taking a new look at this."