The approval of Bitcoin Exchange-Traded Funds (ETFs) has become a topic rife with uncertainty and doubt. John Reed Stark, a former official of the Securities and Exchange Commission (SEC), has shared his assessment of the likelihood of a spot Bitcoin ETF gaining regulatory approval from the SEC.
On the other hand, Cathie Wood, CEO of Ark Invest, and Jay Clayton, former Chair of the US SEC, hold a more optimistic outlook. Let’s delve into these viewpoints to gain a clearer understanding.
The analyst believes a positive regulatory change requires two things: first, the SEC should focus more on catching fraud and be open to allowing Bitcoin ETFs; second if Hester Pierce becomes SEC chair, efforts to control cryptocurrency might ease. Despite big players like BlackRock and Fidelity applying, the analyst expects the SEC to reject pending Bitcoin ETF requests in the end.
What do you think? Will the SEC approve a spot Bitcoin ETF in the near future?
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