The Future of Spot Bitcoin ETFs: Approval on the Horizon
The United States Securities and Exchange Commission (SEC) has delayed decisions on spot Bitcoin exchange-traded funds (ETFs) from several major firms. However, former SEC chair Jay Clayton believes that approval is inevitable. Clayton highlights the shift in how retail investors can access crypto through major financial institutions. The SEC has a 45-day window to approve, deny, or delay the ETF applications. Clayton expects progress in the future and emphasizes the need to bridge the gap between futures and cash products.
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