Eight to ten Bitcoin exchange traded product filings are currently under consideration by the US SEC, according to Chair Gensler. BTC price rallies this week, riding on the speculation that the US financial regulator’s approval for a spot Bitcoin ETF is imminent. SEC Chair Gensler says a potential five-member commission is likely to consider the filings, no commitment on timing. in the United States.
Our view hasn't changed much https://t.co/dRAm5IsdQf pic.twitter.com/Htsi3n2XxV — James Seyffart October 13, 2023 With investors largely pricing in a green light from the US regulator, the upcoming SEC decision on spot Bitcoin ETF applications has the potential make or break the current BTC price rally.
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