Hester Peirce, an official at the U.S. Securities and Exchange Commission (SEC), spoke about spot bitcoin exchange-traded fund (ETF) applications and said they should have been approved several years ago.

"I can't say if the SEC is ready to approve a spot bitcoin ETF. What I do believe is that we should have passed one in the last five years," he said in an interview with CNBC.

Peirce, the GOP commissioner at the SEC, said she's "always been baffled" by the fact they haven't done it sooner.

On the court's decision regarding Grayscale's case and its victory in court, just yesterday, October 23, a court upheld the order for the SEC to review the company's ETF application.

The official also expressed that, although she cannot talk about what they will do with ETFs, she must acknowledge that the regulatory agency "has not been very good" in everything related to bitcoin or other crypto assets

"Every day I hope they wake up and think [the other SEC commissioners] that we need to take a more productive approach. That hasn't happened yet, but of course I hope it will."

During the interview, Peirce also commented that the enthusiasm in the environment is a "reflection" that there are many companies that think the public is interested in these types of products.

Yesterday, it was also announced that BlackRock's proposed ETF was listed with the DTCC (Depository Trust & Clearing Corporation). This is an entity that is responsible for the clearing, settlement, and servicing of securities in the U.S. market. It means that the ETF, with the ticker IBTC, is officially recognized and can start trading as soon as it is approved by the SEC.