Amid growing buzz over Bitcoin ETFs and expectations surrounding cryptocurrencies, Securities and Exchange Commission (SEC) Chairman Gary Gensler shared insights into the agency’s current approach toward Bitcoin ETFs. During a recent interview with Bloomberg TV, Gensler emphasized that the SEC team is, in fact, “working” diligently on several Bitcoin-related ETF filings.
Although he was careful not to give clues about future decisions, Gensler reiterated the agency’s commitment to carrying out an in-depth and thoughtful analysis. “I will not prejudge judgment,” he said, “But I can assure you that our team is dedicated and focused on evaluating these records.”
The scenario for Grayscale Investments, which recently chose not to appeal a court decision, is still uncertain. When asked about the SEC’s next steps regarding this situation, Gensler chose not to comment, maintaining the discretion that has characterized his leadership.
Here’s a short clip of @kaileyleinz asking Gensler about $GBTC and other spot #Bitcoin ETFs. Mostly non-answers in my opinion but does talk about the disclosure review team. We’ve had some insight into their process via the amendments from some of these filers in recent days pic.twitter.com/lIWZc74OAi
— James Seyffart (@JSeyff) October 18, 2023
The growing demand and interest in Bitcoin ETFs is no surprise. Renowned managers, such as BlackRock, Invesco, Valkyrie and Fidelity, have shown interest in exploring this segment. Recognizing the importance of these initiatives, the SEC last month implemented additional procedures to evaluate whether ETFs proposed by these institutions should be given the green light or not. These additional steps may mean that the community will have to wait a little longer for the results of this analysis.
It is clear that the SEC is moving with care and precision. While investors, enthusiasts and experts wait expectantly, the commitment from Gensler and his team is clear: to ensure that the decisions made are informed, fair and in the best interests of the market and investors.
Bitcoin Spot ETF 2024 Decision Date
Here is the list with the dates of all Bitcoin Spot ETFs:
- 21Shares & ARK
- ETF Code: ARK 21Shares Bitcoin ETF (ARKB)
- Request date: June 28, 2021
- Request Evaluation Final Date: January 10, 2024
- BlackRock
- ETF Code: iShares Bitcoin Trust
- Request date: June 15, 2023
- Request Evaluation Final Date: March 15, 2024
- Bitwise
- ETF Code: Bitwise Bitcoin ETP Trust (Reapply)
- Request date: October 14, 2021
- Request Evaluation Final Date: March 14, 2024
- VanEck
- ETF Code: VanEck Bitcoin Trust (Reapply)
- Request date: December 30, 2020
- Request Evaluation Final Date: March 15, 2024
- Wisdomtree
- ETF Code: Wisdomtree Bitcoin Trust (Reapply) (BTCW)
- Request date: December 8, 2021
- Request Evaluation Final Date: March 15, 2024
- Invesco & Galaxy
- ETF Code: Invesco Galaxy Bitcoin ETF (Reapply)
- Request date: September 21, 2021
- Request Evaluation Final Date: March 15, 2024
- Fidelity
- Código do ETF: Wise Origin Bitcoin Trust (Reapply)
- Request date: March 24, 2021
- Request Evaluation Final Date: March 15, 2024
- Valkyrie
- ETF Code: Valkyrie Bitcoin Fund (Reapply) (BRRR)
- Request date: January 22, 2021
- Request Evaluation Final Date: March 19, 2024
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/gensler-da-sec-confirma-agencia-aprofunda-analise-de-etfs-de-bitcoin/
