SEC Commissioner Hester Peirce, also known as “Crypto Mom,” has expressed her support for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. In an interview with Bloomberg, Peirce stated that there is no reason for the SEC to stand in the way of such an ETF. This statement has generated excitement within the crypto community and has led to a surge in Bitcoin prices. Peirce has been a long-time advocate for regulatory clarity in the cryptocurrency space and believes that investors should have the freedom to make their own investment decisions while still being protected. The recent comments from Peirce have reignited discussions about the SEC’s approach to Bitcoin products, particularly ETFs. Industry giants like Grayscale and BlackRock have also made strategic moves in support of a Bitcoin ETF, further strengthening the momentum towards its approval. The choice between in-kind and cash redemption models for the proposed ETF is also being debated, with BlackRock’s preference for the in-kind redemption model gaining attention. Franklin Templeton has recently joined the Bitcoin ETF scene by registering for a spot Bitcoin ETF with the SEC. With $1.5 trillion under management, Franklin Templeton’s involvement could have a significant impact on the market if an ETF is approved. The SEC has formally accepted the filing and a decision is expected soon.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	Gary Gensler, Hester Peirce
Companies	VanEck, BlackRock, Franklin Templeton, Grayscale
Currencies	Bitcoin
Securities	None