Former SEC Official: Not Convinced Approval of Spot Bitcoin ETF is a Good Thing

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2023/12/25 18:25

John Reed Stark, former Director of the SEC's Office of Internet Enforcement, expressed on the X platform that he personally is not a proponent of a spot Bitcoin ETF and does not view the approval of such an ETF as a positive development. Stark believes that the idea of a spot Bitcoin ETF is still a "ridiculous" concept as it would create yet another Wall Street scheme to attract massive investments, and a spot Bitcoin ETF could be the most "centralized" crypto product.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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