Bitcoin ETFs may be headed for one epic Gensler ‘rugpull,’ say analysts

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While remote, ETF analysts say there’s a chance that SEC Chair Gary Gensler could be waiting until the very last moment to push back or deny the growing wave of spot Bitcoin ETF applications.

While unlikely, Bloomberg’s ETF analysts conceded that there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications.

There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin futures products, as it claims that spot products do not have the sufficient safeguards to protect investors from market manipulation.

 

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