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8/3, 6:52 PM (Source: TeleTrader)
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SEC's Gensler signals pathway for Bitcoin ETFs

United States Securities and Exchange Commission Chair Gary Gensler signaled on Tuesday a pathway for the agency approving Bitcoin exchange-traded funds (ETFs) in a speech at the Aspen Security Forum.

As Gensler explained, ETFs filings that comply with the SEC's rules for mutual funds under the 1940 Investment Company Act offer "significant investor protections."

"Given these important protections, I look forward to the staff’s review of such filings, particularly if those are limited to these CME-traded Bitcoin futures," he noted.

Breaking the News / JC