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Former US SEC Chair Jay Clayton Asserts Unavoidable Approval of Bitcoin ETF
Former SEC Chair Jay Clayton is optimistic about the approval of the first spot Bitcoin ETF in the US, citing retail investor interest and support from institutions like Blackrock. The recent court approval for Grayscale's GBTC Bitcoin Trust to become a spot ETF has boosted the chances. Clayton believes that major financial players' confidence in crypto trading and clarification on manipulative concerns will drive approval, asserting that Bitcoin is not a security but a sought-after asset. He states, 'Approval is inevitable' amidst changing dynamics in crypto trading.
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