Spot Bitcoin ETF Decision: Anticipated August Could Trigger Crypto Bull Run

Investors are anticipating the first response in August, and if the answer is favourable, a buying frenzy could start. This means that those who act bravely in bear markets could make massive gains. Of course, the answer is awaited for the Spot Bitcoin ETF. Despite approving the futures ETF, the SEC, which has been rejecting applications for years, insists on rejecting the spot. The former SEC Chairman made some statements on this matter. Former SEC Chairman on Bitcoin ETF Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton said that applicants for a spot bitcoin exchange-traded fund (ETF), if they can prove it’s a more efficient and effective way for investors to buy the digital asset, have a high chance of approval. Participating in CNBC, Clayton said, “If they’re right that the spot market has similar efficiency to the futures market, it will be hard to resist approving a […] The post Spot Bitcoin ETF Decision: Anticipated August Could Trigger Crypto Bull Run appeared first on COINTURK NEWS.