Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

[ETF Daily News]( December 15th, 2023 SPONSOR [The #1 A.I. Play for 2024]( As the end of the year approaches, a lot of folks are looking ahead to 2024 and asking themselves what they can do to make it their best year financially. Well, here at TradeSmith, we feel we have an answer. We've unveiled a breakthrough new A.I. forecasting tech called An-E and it has the ability to predict stock prices as far as one month into the future. So, if you are looking for the chance to add huge sums to your account in 2024...I recommend giving An-E a hard look. [CLICK HERE TO LEARN MORE.]( [Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs]( United States Securities and Exchange Commission (SEC) chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin exchange-traded products following a recent Grayscale court decision. Speaking to CNBC on Dec. 14, Gensler was questioned about the long list of pending spot Bitcoin exchange-traded fund (ETF) applications. He [said]( the SEC has “between eight and a dozen filings” going through the process at the moment. “We had in the past denied a number of these applications,” he said before adding that the courts have weighed in on that. What followed was a statement suggesting that the agency could be changing its tack on Bitcoin: “So we’re taking a new look at this based upon those court rulings.” News anchor Sara Eisen asked whether he was referring to Grayscale. However, Gensler evaded the question, stating that everything at the SEC is done “within the laws Congress has passed and how the courts interpret them.” In August, a federal judge [overturned the SEC’s decision]( to deny an ETF offering from Grayscale Investments through its Bitcoin trust. Several large asset managers, including [BlackRock]( Fidelity, Grayscale, [Invesco and Galaxy]( VanEck and Valkyrie, are now in the race to launch a spot Bitcoin ETF. All applications have been delayed, but some [analysts are confident]( that a batch approval will occur in early January 2024. In a separate interview with Bloomberg’s Kailey Leinz on Dec. 14, Gensler also sidestepped questions regarding the number of filings for… Continue reading at [COINTELEGRAPH.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019