SEC Changes Direction, ETF Set to Explode!
On May 9, 2025, SEC Commissioner Hester Peirce criticized the decade-long delay in approving the Spot Bitcoin ETF as "poor management," alienating a generation of investors. However, she urged the crypto community to be patient, as the SEC is working on the legal framework and lawsuits, promising new approvals for crypto ETF products.
With crypto fund inflows reaching $3.4 billion last week and a forecast of accumulating $330 billion into Bitcoin by 2029 (Bernstein), along with Bitcoin ETFs attracting $1.8 billion, the market promises sustainable growth. This is a positive signal, opening up long-term prospects for crypto investors!
Risk Warning: Crypto investments carry high risks due to price volatility and legal uncertainties. Please consider carefully before participating.