SEC Reconsidering Bitcoin ETFs After Court Orders Review of Rejected Applications
• SEC "taking a new look" at Bitcoin ETF applications after recent court ruling directing it to review Grayscale's application
• Gensler says SEC previously denied several applications but will reassess based on court decisions
• Notes crypto industry issues like non-compliance, fraud, lack of information, and commingling by exchanges
• SEC ordered to review Grayscale Bitcoin Trust conversion to spot BTC ETF after court found prior rejection "arbitrary"
• Growing optimism that spot Bitcoin ETF approval could happen soon, but may not bring significant new crypto investment