SEC Commissioner Hester Peirce has voiced her support for the approval of a spot bitcoin exchange-traded fund (ETF), stating that such a product should have been approved over five years ago. Peirce’s comments come as anticipation builds ahead of a Jan. 10 deadline for approving or denying ARK/21Shares’ spot bitcoin ETF application.
SEC Commissioner Hester Peirce on Spot BTC ETF
ETF Newz Says:
She emphasized that the ETF and cryptocurrency ecosystems are ready for a spot bitcoin ETF and criticized the SEC’s stance on cryptocurrency, suggesting that the agency should change its attitude towards crypto and blockchain. Peirce has been an outlier among SEC officials in her supportive stance on cryptocurrency.