U.S. SEC Chairman: Approval of spot Bitcoin ETF is limited to this non-securities commodity and should not be over-interpreted

Gary Gensler, the chairman of the US Securities and Exchange Commission, responded to a question about his views on Ethereum ETFs during an interview today, saying, "As I said two weeks ago, everything we do with regard to spot Bitcoin ETFs is limited to this non-security commodity and should not be interpreted as anything other than that."

Gensler said that investors can now better understand the information about Bitcoin ETFs, and he mentioned, "From this perspective, there is also better disclosure, they are now listed on stock exchanges instead of over-the-counter markets. At that time, 10 or 11 companies went online simultaneously, bringing a certain degree of competition. You have seen some competition, and investors have benefited from lower costs."

When asked about his views on the recent court hearing, Gensler said he would let law enforcement officials and the agency's litigation lawyers discuss the specifics.