SEC’s most publicly pro-crypto member, Hester Peirce, spoke on Monday about whether the agency is ready to approve a spot Bitcoin ETF in the United States. Grayscale, the owner of the world’s largest Bitcoin fund, sued the SEC for rejecting its application to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. The court of appeals sided unanimously with Grayscle in August and the SEC abandoned its court fight with Ripple, dropping prior charges. Peirce said the agency has not been very good when it comes to anything related to Bitcoin or other crypto assets. Fund managers such as Fidelity and BlackRock have revised their applications this month to address such concerns with more risk disclosures. Despite being a Bitcoin skeptic, BlackRock CEO Larry Fink has now attested to investors’ strong demand for Bitcoin. Peirce added that she hears a lot of interest from investors in these kinds of products as well. #SEC #Bitcoin #ETF #Crypto
You can read more about this topic here: Decrypt: Bitcoin ETF Coming Soon? Delays Have SEC’s Hester Peirce ‘Mystified’
