SEC Chair Gensler's Unconventional Approach to Bitcoin ETFs Raises Speculation

The Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, has raised eyebrows with his approach to Bitcoin exchange-traded fund (ETF) applications, leading experts from Bloomberg to suggest a surprising turn of events.

Dave Nadig, a prominent ETF commentator, recently engaged with Bloomberg ETF specialists James Seyffart and Eric Balchunas on October 31, speculating that Gensler might be intentionally allowing Bitcoin ETF applications to accumulate, possibly with the intention of rejecting them collectively. Nadig's theory posits that this could be a dramatic twist by Gensler. In response, Seyffart acknowledged having considered such a scenario for some time and emphasized the significant impact it could have

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