Odaily News John Reed Stark, former director of the SEC’s Office of Internet Enforcement, posted on the , then, based on its 20 years of experience with the SEC, it seems possible that the SEC will approve some kind of iteration of a spot Bitcoin ETF. However, he added that he does not think the approval of a spot Bitcoin ETF is a good thing. The idea is still a ridiculous concept because it will create another Wall Street scam for huge money-grabbing investors, and the spot Bitcoin ETF may be the most “Centralized” encryption products.