Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), said in an interview that "currently, the SEC has 8 to 10 Bitcoin spot ETF applications that need to be reviewed. These applications are not just formal, they require a lot of consideration from various departments of the SEC, with input from the finance department, and careful review of the submitted materials by the trading and market departments." When asked about the possibility of ETF approval, Gensler replied that he could not comment on the ongoing review and that he personally would not pre-judge the outcome of the process.