It seems that the U.S. Securities and Exchange Commission (SEC) is warming up to the idea of approving a Bitcoin ETF.
After numerous snubs, SEC Chairman Jay Clayton revealed that they might finally give the green-light.
The answer is “Yes”
When asked by CNBC’s Bob Pisani whether we are getting closer to seeing a Bitcoin ETF, Clayton succinctly answered “Yes.” However, he added that there was “some work left to be done” in order to let this happen.
Back in June, the SEC head specified that there were a couple of things that needed to get comfortable with (particularly, custody and price manipulations).
These comments slightly increase the chances that a Bitcoin ETF might finally get the regulatory nod in October. Read More at UToday...