US SEC Chairman Approves Bitcoin ETFs May Face Tight Regulations

[US SEC Chairman indicates Bitcoin ETF will be subject to strict regulations] It has been announced that he has hinted at potential approval. Gensler said ETFs that adhere to the SEC's strict mutual fund rules can offer investors the protection they need. Gensler also said he was open to ETFs focusing on Bitcoin in the future. The Bitcoin futures contract is offered by CME and wants investors to invest a larger portion of the interest on the stock. “Based on these key guarantees, we hope our staff will investigate these applications, particularly if the application is limited to Bitcoin futures trading at CME,” Gensler said.