Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights
Oct 26 (Reuters) – The U.S. Securities and Exchange Commission has 8 to 10 filings of possible exchange-traded products for Bitcoin in front of it for consideration, SEC chair Gary Gensler said on Thursday.
Bitcoin has rallied this week on speculation that SEC approval for a spot bitcoin ETF is imminent.
BlackRock (BLK.N), Bitwise, WisdomTree (WT.N), Fidelity and Invesco (IVZ.N) are among several firms with pending applications for bitcoin funds in the U.S.
Reporting by Douglas Gillison and Bansari Mayur Kamdar; editing by Megan Davies
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