Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ regardless of delays

Following america Securities and Change Fee (SEC) delaying choices on a number of spot exchange-traded funds, former fee chair Jay Clayton stated he believed approval was nonetheless going to occur sooner or later.

In a Sept. 1 interview with CNBC, Clayton stated main monetary establishments backing spot Bitcoin (BTC) funding automobiles represented a shift in how retail traders may get publicity to crypto. On Aug. 31, the SEC designated an extended interval through which it may overview spot BTC exchange-traded fund (ETF) functions from BlackRock (NYSE:), WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Constancy.

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