As reported by BlockBeats on November 23, a US Securities and Exchange Commission (SEC) Commissioner stated there is no valid reason to block the approval of a physically-backed Bitcoin ETF.
The individual interviewed didn't specify any detailed reasoning behind the comment, but their position is significant, given the SEC's role in approving or rejecting ETF applications. It's worth noting that the statement comes in the wake of recent approvals for Bitcoin Futures ETFs, which also stirred considerable excitement in the crypto sphere.
