Last week, the SEC said it needs more time to decide on the recent flurry of spot bitcoin ETF applications, pushing back decisions on filings from BlackRock BLK, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital Assets at least mid-October. The SEC approved a bitcoin futures ETF in 2021, with the bitcoin, ethereum, XRP and crypto market peaking at just over $3 trillion when the first fund launched. "The dichotomy between a futures product and cash product can't go on forever." So I think an approval is inevitable," Clayton told CNBC. It is clear that bitcoin is something that retail investors want access to, institutional investors want access to, and, importantly, some of our most trusted providers who are fiduciaries or have duties of best interest want to provide this product to the retail public.
"It is clear that bitcoin is not a security. exchange-traded fund (ETF) for months, playing havoc with the price of ethereum, XRP and other major cryptocurrencies. The bitcoin and crypto market has been roiled by changing expectations of a U.S.
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