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No Spot Bitcoin ETF for now

SEC Chair Gary Gensler addressed a letter to Minnesota Representative Tom Emmer last Tuesday saying that the regulatory body was no closer to approving a Bitcoin (BTC) spot ETF in the United States. “The SEC’s approach to cryptocurrency regulation has been unacceptable,” said Emmer in a November letter. “While the trading of Bitcoin futures ETFs is a great step forward for the millions of American investors who have been demanding regulatory clarity, it does not make sense that Bitcoin spot ETFs cannot also commence trading.”