Bloomberg’s ETF guru James Seyffart paints a picture where the SEC, led by Chair Gary Gensler, is cornered by recent legal developments. During TheBlock’s The Scoop podcast, Seyffart predicts an inevitable approval, especially after Grayscale Investments’ victory in converting its Bitcoin Trust into a spot ETF. ✌️
SEC Chair Gary Gensler hinted at a shift in the SEC’s stone-cold stance on spot ETFs. In a moment of revelation on CNBC, Gensler acknowledged that the commission is reassessing its position due to recent court rulings.