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Fortune

Marco Quiroz-Gutierrez

Gary Gensler says SEC decision to approve spot ETFs isn’t an endorsement: ‘Bitcoin, itself, we did not approve’

Gary Gensler SEC Bitcoin ETF CNBC the Securities and Exchange Commission X Crypto Elizabeth Warren Grayscale

(Credit: Drew Angerer—Getty Images)

The Securities and Exchange Commission approved 11 applications this week to create spot Bitcoin ETFs, but notable crypto skeptic Gary Gensler, the agency's chairman, is not necessarily thrilled about it.

Despite being the deciding vote in a 3-2 result to approve the nearly dozen applications, Gensler, in an interview with CNBC on Friday, said investors needed to remain cautious.

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