Former SEC Chairman Believes Spot Bitcoin ETF May Appear on US Market
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The former chairman of the SEC, Jay Clayton, has declared on CNBC that the US regulators are likely to approve the introduction of Bitcoin ETF exchange-based crypto funds.
This opinion is shared by Bloomberg analyst Eric Balchunas, who speculated that the chances of the BlackRock-led launch of a Bitcoin-ETF fund could be as high as 50%.
Clayton affirmed that in order for the SEC to give a greenlight to such a fund, a regulatory framework must be set in place to ensure that it is free of market manipulation and investor protection.
He concluded that only through the implementation of such a system will the industry be able to obtain transparency and foster it’s growth.
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