SEC Commissioner Hester Pierce has applauded efforts by Grayscale and the U.S. District Court of Appeals in the approval of the Bitcoin spot ETF.
After a decade since the first filing, the SEC has approved the first Bitcoin spot ETF but the chair has made it clear that this is not an endorsement of the digital asset.
SEC Commissioner Hester Pierce has credited Grayscale and ‘DC Circuit-Ex-Machina’ for the approval of a spot Bitcoin ETF. After nearly a decade since the first filing hit the U.S. Securities and Exchange Commission (SEC) desk, the agency has succumbed to pressure and approved the first spot Bitcoin ETF.
On Thursday, the regulatory agency approved 11 spot Bitcoin ETF applications ushering in a new era in the industry. The SEC chair confirmed these approvals which was critical following the fiasco experienced a couple hours before the approval. After initially cautioning crypto investors earlier this week, the SEC chain Gary Gensler has warned that the approval of a spot

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