Bitcoin ETF Approval Likely By Wednesday, Former SEC Chairman
Former US Securities and Exchange Commission (SEC) Chairman Jay Clayton confidently predicted that the Spot Bitcoin Exchange Traded Fund (ETF) would be approved. In a recent CNBC interview, Clayton emphasized that the key hurdles that previously blocked the ETF’s approval appear to have been resolved. “The underlying Bitcoin trading market has matured significantly” Clayton suggested that a solid and reliable framework is now in place for the ETF’s operation.
Technical preparation and regulatory compliance
Expectation Especially given the advances in technology and compliance, the Spot Bitcoin ETF was established. The former SEC Chairman noted that significant progress has been made in the necessary technological infrastructure, including custody and transaction mechanisms. This development is very important for Bitcoin and indicates a significant evolution in the financial sector.
Bitcoin ETF countdown
The SEC is set to make a landmark decision on Wednesday, and Spot Bitcoin ETFs have the potential to begin trading shortly thereafter. Additionally, applications from major financial players such as BlackRock and Fidelity are also on the table. SEC approval process It involves reviewing 19b-4 filings by exchanges and S-1 forms from issuers. This two-way regulatory pathway ensures comprehensive scrutiny of both the platforms that will list ETFs and the entities that issue them.
At the same time, the Bitcoin community and investors are close to each other. to look This development is due to the fact that the launch of the Spot Bitcoin ETF could provide a significant amount of capital to the market. Michael Anderson, co-founder of crypto venture firm Framework Ventures, believes the market impact of such an approval is currently underestimated. Despite Bitcoin’s volatile value remaining around $46,000 recently, the approval of the Spot Bitcoin ETF could provide significant upside.
Also read: Lazarus Group Shifted $1.2 Million in Bitcoin from Mixer to Holding Wallet
✓ Share:
Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
#Bitcoin #ETF #Approval #Wednesday #SEC #Chairman
