The Bitcoin community’s year-long anticipation for the approval of Spot Exchange-Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC) reached a pivotal moment. Hester Peirce, SEC commissioner, recently talked about the matter, stating that there is “no reason for the regulator to stand in the way of a spot Bitcoin ETF.”

In the recent Bloomberg TV interview with Kailey Lenzi on November 22, Peirce expressed her long-standing belief in the need for a Spot Bitcoin ETF, citing a court “nudge.” She stated:

“I’ve thought for many years now that there’s no reason for us to stand in the way of a spot bitcoin exchange-traded product. […]…

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