Jay Clayton, former SEC chair, said he still expected to see progress on spot Bitcoin ETFs going forward despite delays on 7 applications.
in which it could review spot BTC exchange-traded fund applications from BlackRock, WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Fidelity.
The commission has another 45 days upon publication of the notice in the Federal Register to approve, deny, or again delay the ETF applications from these 7 major firms. According to Clayton, he expects to see “progress on this going forward”. The SEC can continue to“An approval is inevitable,” said Clayton. “The dichotomy between a futures product and cash product can’t go on forever.”
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