SEC Commissioner Hester Peirce has expressed support for the approval of a bitcoin exchange-traded fund (ETF) in a recent interview. This contrasts the Securities and Exchange Commission’s hesitancy on the matter and highlights a divide within the SEC itself. Various financial entities, including Grayscale and BlackRock, have applied for spot bitcoin ETFs, and Grayscale’s pursuit gained momentum after a court directive to reassess its application. The SEC’s extended evaluation period for ETF proposals has left the industry speculating on internal disagreements or a deeper strategy. Peirce’s endorsement suggests a potential shift in the regulatory landscape or a continuation of the status quo.
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