SEC Chair Gary Gensler: Approval of Spot Bitcoin ETF Limited to Non-Security Commodity, Should Not Be Overinterpreted

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), responded in an interview today when asked about his views on Ethereum ETF, stating, "As I said two weeks ago, everything we have done regarding the spot Bitcoin ETF is limited to this non-security commodity and should not be interpreted as anything beyond that." Gensler mentioned that now investors can have better access to information about Bitcoin ETFs, saying, "There's better disclosure in that regard. They're now listed on exchanges, as opposed to trading over-the-counter. There were 10 or 11 at the time, so there was a degree of competition. You've seen some competition, and investors have benefited from lower costs." When asked about his views on recent court hearings, Gensler stated that he would let enforcement staff and the agency's litigators speak to the specific details.