## Spot Crypto ETF Approval: A Matter of When, Not If? SEC Commissioner Hester Peirce, a known advocate for cryptocurrency innovation, believes the SEC will eventually approve spot cryptocurrency ETFs. This optimistic outlook was shared at a Bitcoin Policy Institute panel discussion. ## Understanding Spot Redemption The key lies in the "spot redemption" method. This process involves delivering the underlying cryptocurrency directly when an ETF holder sells their shares. This direct exchange avoids the need to sell the cryptocurrency on the open market, mitigating potential market selling pressure. ## Implications for the Crypto Market Approval of spot crypto ETFs would be a significant milestone for the industry. It would provide greater accessibility for institutional and retail investors to participate in the cryptocurrency market through a regulated and familiar investment vehicle. While the timing remains uncertain, Commissioner Peirce's statement offers a hopeful sign for the future of crypto ETFs. ```

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