News/SEC Chairman Gary Gensler: Open to Bitcoin ETF

SEC Chairman Gary Gensler: Open to Bitcoin ETF

Aug 04,2021,01:12
TokenInsight news, the chairman of the US Securities and Exchange Commission, Gary Gensler, is hinting at the approval of the Bitcoin ETF. The industry believes that this move is critical to bringing digital assets to the mainstream. Gensler said that ETFs that comply with the SEC's strict requirements for securities investment trust funds can provide investors with the necessary protection. Gensler also signaled an openness to Bitcoin ETF, which is provided by CME and requires investors to provide a large amount of margin for trading.
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