Launch of First Bitcoin ETFs in U.S. Overdue, Says Crypto-Friendly SEC Commissioner

By: Isha Das

Despite significant public criticism, spot Bitcoin ETFs are set to start trading this Thursday. Among those who approved the initiative was Gary Gensler and two other committee members, marking a historic moment for the first-ever spot Bitcoin ETFs to be offered in the U.S.

However, the decision couldn't help but spark some controversy. In an unexpected twist, one crypto-allied SEC Commissioner expressed concern, arguing the approval arrived far too late, effectively suggesting the SEC 'squandered a decade' by not approving Bitcoin ETFs sooner.