Crypto Blog
Former SEC Chair Jay Clayton believes a spot Bitcoin ETF approval by the SEC is “inevitable,” noting high demand from both retail and institutional investors.
The SEC’s hesitation is due to concerns about cryptocurrency market volatility and associated investment risks.As a result, he believes a spot Bitcoin ETF approval by the Securities and Exchange Commission is “inevitable.”that’s because Months of pent-up institutional demand could see a massive bull run of hedge funds into the Bitcoin market via an SEC-approved Bitcoin ETF.Clayton, calling a Bitcoin ETF inevitable and even predicting a timeframe: “within the next few months.” However, no one knows for sure exactly.
Gold spot price was $321 an ounce on March 28, 2003, when the first gold ETF launched. Less than a month later, it rose 3.7% to $333. A year later, in March 2004, spot gold had risen 31% to $422.
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| Why a Spot Bitcoin ETF Would Help the Crypto MarketNoelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.
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