Former SEC Chair Jay Clayton expressed optimism about the potential approval of a Bitcoin ETF due to the maturation of the Bitcoin market and increased institutional adoption. Clayton stated that if the spot market for Bitcoin has similar efficiency to the futures market, it would be hard for the SEC to resist approving a Bitcoin Spot ETF. He also highlighted the regulatory advancements and increased oversight in the marketplace that have helped mitigate risks associated with a Bitcoin ETF. However, Clayton emphasized that a comprehensive review addressing concerns such as market manipulation, custody solutions, and investor protection measures should be conducted by the SEC. Despite the positive outlook, it is important for investors to conduct their own research and seek professional advice before making any investment decisions.
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