TechFlow News: U.S. SEC Chairman Gary Gensler issued a statement on the approval of spot Bitcoin ETFs via the SEC's official website. He stated, "Today the SEC has approved certain spot Bitcoin ETFs. The Commission evaluates any rule filings from national securities exchanges based on whether they are consistent with the Securities Exchange Act and its related regulations, including whether the proposed rule is designed to protect investors and the public interest. Throughout this evaluation process, the Commission maintains a neutral stance and does not express views on specific companies, investments, or underlying assets of exchange-traded products (ETPs)."
Gensler concluded by emphasizing that their approval of the listing and trading of these exchange-traded products does not constitute an endorsement or approval of Bitcoin itself. They stressed that investors should remain cautious regarding Bitcoin and the various risks associated with its value.
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