SEC Continues Examination of Bitcoin ETF Applications, Chairman Gensler States

Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), recently provided an update regarding the status of several Bitcoin spot ETF submissions.

Gensler confirmed that the SEC is in the process of examining a number of these applications. He pointed to the extensive review process of the commission while not directly addressing the case of Grayscale.

“The staff is doing work on those multiple filings,” Gensler stated during an interview with Bloomberg.

He further elaborated on the necessary steps for proponents, noting, “This is a time tested process that goes back decades. The staff of the SEC, it’s called the Disclosure Review Team, but in that group, they respond and give feedback to potential issuers.”