BlackRock and Fidelity, two major asset managers, have applied for spot Bitcoin exchange-traded funds (ETFs), reflecting the growing interest in these products. SEC Commissioner Hester Peirce, who has been supportive of such investment vehicles since 2018, commented on the increasing interest from firms and investors in Bitcoin ETFs. However, she cautioned against speculating on how regulatory agencies will act on these applications. Recent court rulings against the SEC have also had an impact on the landscape. Peirce also discussed the need for workable regulations around cryptocurrency and expressed her belief that it is not the regulator’s role to dictate investor choices but rather to provide disclosures. She encouraged investors to be skeptical about their investments. Overall, there is a widening interest among lawmakers to address crypto concerns and create a favorable environment for crypto companies to operate in the US.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Hester Peirce
Companies	Fidelity, Coinbase, Grayscale, FTX, BlackRock
Currencies	Bitcoin
Securities	None