TheCorporateCounsel.net

In the same Aspen Security Forum speech where he discussed the SEC’s regulatory approach to crypto assets, Gensler noted that he was open to considering an ETF product focused on Bitcoin futures that would be subject to the SEC’s existing mutual fund rules. As Liz has discussed, a Bitcoin ETF has been the subject of prolonged debate at the SEC, and was the subject of a strongly-worded Staff statement from the Division of Investment Management back in May. While considering the Bitcoin ETF is just one of at least seven crypto issues that the SEC Staff is currently addressing, perhaps it is one that could see action sooner rather than later given the Chair’s openness to considering the approach.

– Dave Lynn