Securities and Exchange Commissioner Hester Peirce added another jolt of liveliness to the ever-frenzied discourse surrounding the potential of a spot Bitcoin ETF, expressing in a recent interview her belief that the SEC shouldn’t stand in the way of the ETF’s approval. 

“I think I’ve been very transparent that I’ve thought for many years now, that there is no reason for us to stand in the way of a spot Bitcoin exchange-traded product,” Peirce said, referencing the SEC, during a Bloomberg interview Tuesday.  

Though the interview originally aired yesterday, a clip of Peirce discussing spot Bitcoin ETFs during the segment re-circulated this afternoon on Twitter; within minutes of those tweets, Bitcoin jumped over 3%, to $37,718 at writing, according to CoinGecko. 

In recent weeks, rumors regarding the likelihood of a spot Bitcoin ETF’s imminent approval by the SEC have pumped Bitcoin’s price to yearly highs

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Author: Sander Lutz

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