RATE Group | SEC Commissioner Comment on Bitcoin ETF
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SEC Commissioner Comment on Bitcoin ETF

27 Nov SEC Commissioner Comment on Bitcoin ETF

Posted at 11:21h in Bitcoin News by

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At spot prices, Bitcoin and the altcoin market need a catalyst, something that investors have been waiting for. And from the look of things, the SEC approving any of the nine Bitcoin ETF proposals mean indirect regulation of the space and the automatic entry of institutions as well as other high net-worth investors desirous of regulation.

That may be a long short and a possibility that might rub Bitcoin and crypto maximalist the wrong way but according to Hester Peirce—while talking in a recent podcast, a SEC commissioner who recent dissented the SEC decision to bin Winklevoss Bitcoin Trust, a Bitcoin ETF proposal, said a Bitcoin ETF is a possibility though she was unwilling to further divulge on whether it was inevitable.

Read: France’s Regulators Issues Warning over Purchasing Bitcoin from Tobacconists

All in all, Hester said SEC has invited specialist to advise them on crypto and the prospects of Bitcoin ETFs and this has made them take a cautious stand….

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