ETF Store President interprets SEC Commissioner speech: predicts market ETF may soon be approved and listed

Wu Shuo learned that SEC Commissioner Hester Peirce stated in a speech on May 8th that she does not endorse all phenomena in the current market, and some financial products that stimulate short-term wealth dreams like lotteries may fade as investors lose interest.
Galaxy Digital research director Alex Thorn reposted that Peirce expects the underlying legal, technical, and market infrastructure of these products to potentially be repurposed in the future for more durable investment and risk management products.
Meanwhile, Nate Geraci, president of The ETF Store, commented that the SEC’s balanced regulation and innovation are reassuring, and he speculates that the compliant controversial products Peirce described are actually “prediction market ETFs,” and expects such ETFs to be approved and listed soon.

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