1156. Could Institutions Force Gary Gensler Out? Bitcoin ETF Race Heats Up 🔥

BlackRock, the world’s largest asset management company, has re-applied by issuing its Bitcoin spot ETF application after the SEC’s warning. Nasdaq has again submitted a bid to launch a spot Bitcoin exchange-traded fund (ETF) in partnership with the world’s largest asset manager BlackRock and leading US cryptocurrency exchange Coinbase. Meanwhile, Over the weekend, a report from “cryptoalert.com” citing “anonymous sources” stated that Chair Gensler had resigned from his position “following an internal investigation.” The U.S. Securities and Exchange Commission (SEC) reportedly denied rumors that chairman Gary Gensler resigned from his position.