Hester Peirce: I See No Reason for the SEC to Oppose Spot Bitcoin ETFs Approval
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Nov. 24, 2023

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), believes the regulator has no reason to prevent the launch of spot Bitcoin ETFs.

She has told Bloomberg:

"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."

She has declined to talk about discussions between the regulator and ETF issuers, but has noted each application must be evaluated on its merits. However, Peirce sees no reason why some of them should be rejected.

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Peirce has previously said spot Bitcoin ETFs should have been approved five years ago and that the delay in making that decision had always baffled her.

BlackRock filed an application with the SEC on June 15 to launch a BTC-based investment product. Valkyrie, Fidelity Investments, WisdomTree and Invesco filed their own applications shortly thereafter.

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