{"id":34458,"date":"2023-07-12T01:41:12","date_gmt":"2023-07-12T05:41:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/former-sec-chairman-highlights-conditions-for-bitcoin-etf-approval\/"},"modified":"2023-07-12T01:41:14","modified_gmt":"2023-07-12T05:41:14","slug":"former-sec-chairman-highlights-conditions-for-bitcoin-etf-approval","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=34458","title":{"rendered":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval"},"content":{"rendered":"<div>\n<p>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 \u201cefficacy\u201d as the futures market.<\/p>\n<p>\u201cIf they\u2019re [applicants] right\u2014that the spot market has similar efficacy to the futures market\u2014it would be hard to resist approving a Bitcoin ETF,\u201d Clayton said in an interview with CNBC on Monday.<\/p>\n<p>He added in the interview that he was \u201cvery skeptical\u201d 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\u2019t be approved now that futures-based products already exist.<\/p>\n<p>Clayton also explained that the fact that \u201cinstitutions that know markets better than anybody\u201d want to put their name on a spot Bitcoin ETF likely means that the spot market for Bitcoin has evolved and matured.<\/p>\n<p>\u201cI find that pretty remarkable,\u201d he said.<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1678381857367289856\" loading=\"lazy\"><\/oembed><\/figure>\n<h2>BlackRock brings new optimism about spot Bitcoin ETF<\/h2>\n<p>The possibility that a spot-based Bitcoin ETF could be approved in the US is something that is once again getting lots of attention after the world\u2019s largest asset manager BlackRock applied to list one in June.<\/p>\n<p>The BlackRock application was then followed by similar applications by a number of other firms, including asset management giants like WisdomTree and Invesco.<\/p>\n<p>The SEC has previously rejected all attempts at listing a spot Bitcoin ETF, arguing that spot Bitcoin markets are unregulated and can be manipulated.<\/p>\n<p>Instead, the regulator has told the industry to only offer ETFs backed by Bitcoin futures contracts that are traded on CME, a regulated futures exchange in the US.<\/p>\n<p>However, BlackRock\u2019s near-perfect track record when it comes to getting its ETF applications approved has excited the market, with many now eyeing the possibility that the regulator could be changing its stance on the issue.<\/p>\n<p>Out of 576 ETF applications from BlackRock over the course of its history, only one has so far been rejected by the SEC, Bloomberg has previously reported.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/former-sec-chairman-highlights-conditions-for-bitcoin-etf-approval-1.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cefficacy\u201d as the futures market. \u201cIf they\u2019re [applicants] right\u2014that the spot market has similar efficacy to the futures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-34458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=34458\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=34458\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T05:41:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T05:41:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/jay-clayton.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"708\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34458#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34458\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval\",\"datePublished\":\"2023-07-12T05:41:12+00:00\",\"dateModified\":\"2023-07-12T05:41:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34458\"},\"wordCount\":364,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34458#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34458\",\"url\":\"https:\/\/ifintechworld.com\/?p=34458\",\"name\":\"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-12T05:41:12+00:00\",\"dateModified\":\"2023-07-12T05:41:14+00:00\",\"description\":\"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=34458#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=34458\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=34458#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld","description":"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=34458","og_locale":"en_US","og_type":"article","og_title":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld","og_description":"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get","og_url":"https:\/\/ifintechworld.com\/?p=34458","og_site_name":"iFintechWorld","article_published_time":"2023-07-12T05:41:12+00:00","article_modified_time":"2023-07-12T05:41:14+00:00","og_image":[{"width":1280,"height":708,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/jay-clayton.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=34458#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=34458"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval","datePublished":"2023-07-12T05:41:12+00:00","dateModified":"2023-07-12T05:41:14+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=34458"},"wordCount":364,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=34458#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=34458","url":"https:\/\/ifintechworld.com\/?p=34458","name":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-12T05:41:12+00:00","dateModified":"2023-07-12T05:41:14+00:00","description":"Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=34458#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=34458"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=34458#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34458"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34458\/revisions"}],"predecessor-version":[{"id":34460,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/34458\/revisions\/34460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/34459"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}