Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market.
“If they’re [applicants] right—that the spot market has similar efficacy to the futures market—it would be hard to resist approving a Bitcoin ETF,” Clayton said in an interview with CNBC on Monday.
He added in the interview that he was “very skeptical” about trading in the Bitcoin market when he was SEC chair, but also admitted that it will be tough for the SEC to argue that a spot-based ETF can’t be approved now that futures-based products already exist.
Clayton also explained that the fact that “institutions that know markets better than anybody” want to put their name on a spot Bitcoin ETF likely means that the spot market for Bitcoin has evolved and matured.
ollar Tree has seen a tremendously successful year in terms of revenue. In Q1 2023, the discount destination experienced a 3.4% increase in same-store sales, and corporate also opened 107 new stores. Despite its success, critical speculation of the company has been rampant, per BestLife, with concerns over safety violations within its stores rising. See: 8 Essentials…
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