SEC Chair Gary Gensler said the agency is merit-neutral following the agency's approval of spot bitcoin ETFs, in an interview with CNBC.
Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that the regulator's decision to approve spot bitcoin ETFs shouldn't necessarily signal how it might respond to Ethereum in the future.
Big name firms such as Fidelity and BlackRock have applied for a spot Ethereum ETF over the last few months in hopes that the SEC would approve such a product following its approval of spot bitcoin ETFs last month. Crypto experts have had mixed opinions about whether or not a spot Ethereum ETF will gain approval soon, although some think the green light from the SEC could come as early as May. "We approved a group of about 11 at one time," he said, referring to the spot bitcoin ETFs.
A host on CNBC Squawk Box questioned Gensler's statement that the agency was merit neutral and suggested that the court case could have potentially forced the SEC's hand.
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