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News - "There is no reason for us to stand in the way of a spot Bitcoin ETF"
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23-11-20231 min read
"There is no reason for us to stand in the way of a spot Bitcoin ETF"
Approval of a Bitcoin Spot ETF appears to be getting closer and closer. SEC Commissioner Hester Peirce has now hinted at approval in the US. "There is no reason for us to stand in the way of a spot Bitcoin ETF," Peirce said. The SEC Commissioner told Bloomberg.
Bitcoin prices soared after the excerpt of the interview went viral on X. BTC is currently up two percent. The total market capitalization is up three percent today.
JUST IN: 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot #Bitcoin ETF." pic.twitter.com/QARwdFRXUk
— Watcher.Guru (@WatcherGuru) November 22, 2023
Peirce, who is also known as the "Crypto Mom" for her rather benevolent attitude toward the crypto and blockchain sectors, has long advocated for greater regulatory clarity. Back in June 2021, she expressed cautious optimism about the admission of a Bitcoin ETF in the US.
Meanwhile, however, signs seem to be growing. A meeting is said to have taken place between Grayscale and the SEC. Wealth managers such as BlackRock are also still in the running.
