{"id":23226,"date":"2023-09-02T04:16:25","date_gmt":"2023-09-02T04:16:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-spot-etf-awaits-green-light-says-former-sec-chair\/"},"modified":"2023-09-02T04:16:25","modified_gmt":"2023-09-02T04:16:25","slug":"bitcoin-spot-etf-awaits-green-light-says-former-sec-chair","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-spot-etf-awaits-green-light-says-former-sec-chair\/","title":{"rendered":"Bitcoin Spot ETF Awaits Green Light, Says Former SEC Chair"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Jay Clayton, the previous chair of the U.S. Securities and Exchange Commission (SEC), believes a Bitcoin spot market exchange-traded fund (ETF) will eventually gain approval. He emphasized that Bitcoin\u2019s classification is far from that of a security.<\/p>\n<p>In a recent conversation with CNBC Squawk Box, Clayton stated, \u201cIt is clear that Bitcoin is not a security. Retail and institutional investors alike are keen on <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>, and even our most reliable providers with fiduciary duties are eager to offer Bitcoin to the general public. The future is pointing towards approval. The contrast between futures and cash products has its limits.\u201d<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>A setback for the SEC occurred last month when they <a href=\"https:\/\/igaming.org\/crypto\/grayscales-etf-bid-gets-a-second-chance-after-courts-mandate\/\">faced defeat<\/a> in a lawsuit with Grayscale. This came after they declined Grayscale\u2019s proposal for a Bitcoin spot market ETF. The court\u2019s judgment was straightforward \u2013 the SEC needed to reassess its stance for consistency.<\/p>\n<p>Previously, the SEC has given the green light for futures Bitcoin ETFs. However, they\u2019ve turned down multiple attempts for the establishment of spot market Bitcoin ETFs. If approved, these ETFs would make Bitcoin accessible to retail investors, mirroring the process of purchasing precious metals via brokerages.<\/p>\n<p>Clayton addressed the safety concerns of investors. Notably, the involvement of major financial entities setting up systems to oversee spot market Bitcoin ETFs should alleviate some of the SEC\u2019s worries. He added, \u201cInitially, there was uncertainty about whether cash trading could be manipulated, hindering retail access. However, with significant institutions now implementing surveillance tools, the trust in the cash market\u2019s efficiency has strengthened, marking it as a viable product.\u201d<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/secs-former-chair-anticipates-approval-for-bitcoin-spot-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Jay Clayton, the previous chair of the U.S. Securities and Exchange Commission (SEC), believes a Bitcoin spot market exchange-traded fund (ETF) will eventually gain approval. He emphasized that Bitcoin\u2019s classification is far from that of a security. In a recent conversation with CNBC Squawk Box, Clayton [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":23227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23226"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23226"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23227"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}