SEC has 8-10 filings of possible Bitcoin ETF products


© Reuters. Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) – The U.S. Securities and Exchange Commission has 8 to 10 filings of possible exchange-traded products for in front of it for consideration, SEC chair Gary Gensler said on Thursday.

Bitcoin has rallied this week on speculation that SEC approval for a spot bitcoin ETF is imminent.

BlackRock (NYSE:), Bitwise, WisdomTree, Fidelity and Invesco are among several firms with pending applications for bitcoin funds in the U.S.

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