Former SEC chair Jay Clayton predicts inevitable approval of Bitcoin ETF
Former Securities and Exchange Commission (SEC) Chairman Jay Clayton has expressed his belief that the approval of a spot Bitcoin Exchange-Traded Fund (ETF) is “inevitable.” Clayton stated that there is a big likelihood for a spot Bitcoin ETF approval to happen in a recent CNBC interview, despite the SEC’s delay in approving Bitcoin ETF applications. An approval of a Spot #Bitcoin ETF is inevitable. – Jay Clayton, former SEC Chair pic.twitter.com/hcAIxJBiKb — Michael Saylor️ (@saylor) September 1, 2023 So far, numerous companies have submitted applications for ETFs centered on spot Bitcoin, among them BlackRock, Ark Invest, Bitwise, WisdomTree, VanEck, and Invesco. The SEC chose Friday to extend the evaluation period by an additional 45 days to conduct a comprehensive assessment of the proposed rule modifications. This extension affords the regulatory entity until October 2023 to make a determination, whether it be approval , rejection, or an announ...