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The door had barely closed behind former Securities and Exchange Commission (SEC) Chairman Gary Gensler Friday when would-be crypto exchange-traded fund (ETF) issuers jumped in with both feet. Gensler is seen as having been very much against crypto ETFs besides for bitcoin and ether. There are now 33 pending ETF applications before the SEC, 16 of them filed on Friday, Jan. 17 or Tuesday, Jan. 21. That list “doubled since Gensler left the building Friday,” Bloomberg senior ETF analyst Eric Balchunas said on X. “Won’t be surprised if it hits 50 within a week or two.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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