US Securities and Exchange Commission (SEC) Chairman Gary Gensler announced that their decision regarding spot ETFs is limited to Bitcoin.
After the SEC approved spot Bitcoin ETFs, investors A similar decision for Ethereum He started to wonder if he would be taken.
Gary Gensler, in his statement yesterday, “As I said two weeks ago, our decision regarding Bitcoin exchange-traded products is limited to this single commodity, which is not a security, and should not be interpreted any other way.” said.
Spot Bitcoin ETFs began trading on January 11 following SEC approval. Total transaction volume of the funds, including Grayscale Bitcoin Trust, 20 billion dollars passed.
Gary Gensler warns that with the launch of spot Bitcoin ETFs, the public will be more aware of these products. for better illumination He thinks it has started.
“In this regard, the public is now better informed. These are now listed on stock exchanges rather than traded in over-the-counter markets. 10 or 11 of them started to be traded at the same time, which created competition. Thanks to this competition, investors lower fund fees “They benefited.” said.
SEC last year operating as an unregistered stock exchange He filed a lawsuit against Binance Holdings and Coinbase on the grounds that Sharing his views on the recent hearings, Gensler said:
“More broadly than just one case, I think investors, if they are interested in investing in crypto securities, should be aware that these crypto security tokens do not consistently provide them with appropriate information, nor do token operators that are not acting lawfully provide them with appropriate information.”