Spot Bitcoin ETF in America is ‘Inevitable:’ Former SEC Chair Claims

Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – thinks the regulator will sooner or later approve the launch of a spot Bitcoin exchange-traded fund (ETF). The agency recently decided to delay the applications of BlackRock and numerous other finance giants who displayed ambitions to introduce such a product.

Clayton believes that “we could see progress in the following 45 days” (the period after which the watchdog is expected to announce its decision once again).