The former chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, came back a say it is “inevitable” the approval of a exchange-traded fund (ETF) de Bitcoin visible to the regulator. The new statement came during an interview with CNBC on January 8.
On this occasion, Jay Clayton highlighted that it is now certain that the Agency will approve the first spot Bitcoin ETF on the United States market.
“I think approval is inevitable. There is nothing left to be decided,” stated the former chairman of the SEC.
Noting the positive change in the market underlying Bitcoin over the past five years, Clayton highlighted his belief in ETF approval being “imminent” now.
“Five years ago, there was wash trading, there were pyramids, there were all kinds of things that you wouldn't want to make available to the general public because of the associated risks,” he said.
Still on the occasion, the former president of SEC praised the advances in blockchain technology. “This is a big step, not just for Bitcoin, but for finance in general. If you can tokenize underlying assets and trade them that way. This is a potentially significant change in finance, not just in the ‘crypto space’.”
At the time of publication, the Bitcoin price it was quoted at US$ 46.525,96, up 3.7% in the last 24 hours.
Bitcoin ETF: BlackRock and VanEck update documents after SEC response
The giants BlackRock and VanEck presented updated documents about its Bitcoin (BTC) exchange-traded funds (ETFs) in cash with the US Securities and Exchange Commission (SEC) on January 9, according to information from Coindesk.
According to the publication, the documents reveal that both companies were among the potential issuers to whom the SEC sent comments on the documentation in the last 24 hours.
The SEC reportedly sent comments to potential issuers of spot bitcoin ETFs a few hours after the entities submitted updated documents with estimated fees for their products on January 8, according to Coindesk.
There is an expectation that the regulator will decide to approve all requests this week, as the deadline for a decision on January 10, 2024 on Ark and 21 Shares' ETF application approaches. As a result, the SEC may decide to approve all requests together.
