US Securities and Exchange Commissioner Hester Peirce has said the US capital markets are ready for a bitcoin exchange-traded product. She said people are already eager to trade a bitcoin ETP. She also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing.
For people who are not aware - ETP is the umbrella term for the collection of financial products traded on a stock exchange that include ETFs.
Yes, she's always been pro Bitcoin. But her language is very telling. She said the US capital markets "are ready" for an ETF.
There needed to be a lot of infrastructure in place before they can approve an ETF and the environment is improving for btc so much that all of those requirements are finally in place.
This is very, very positive for Bitcoin. We might see an ETF this year!