Former SEC Chair Jay Clayton believes a Bitcoin ETF in the US is inevitable due to improved market conditions.
SEC sees an influx of Bitcoin ETF applications, with analysts predicting a 90% chance of approval by January 10th.
Former Chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has boldly declared that the approval of a spot Bitcoin (BTC) Exchange-Traded Fund (ETF) in the United States is now inevitable. In an exclusive interview with CNBC, Clayton expressed his conviction that the SEC will soon greenlight the first spot Bitcoin ETF for trading in the country. 
This announcement comes after a decade of SEC rejections, primarily due to market manipulation and fraud concerns. However, Clayton’s newfound optimism is grounded in the remarkable transformation of the Bitcoin market over the past five years.

 
The SEC has consistently denied applications for spot Bitcoin ETFs for years, citing fears of market manipulation and fraudulent activities.

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