I think approval is inevitable

• The SEC has postponed its decision on applications for a Bitcoin ETF this week.
• The former SEC chairwoman Jay Clayton spoke on Friday with CNBC about Bitcoin Etf.
• The largest cryptocurrency in the world has fallen by 18 % compared to its maximum of its annual status.

The US stock exchange supervisory authority (Securities and Exchange Commission). A number of applications for a Bitcoin ETF.

Nevertheless, Jay Clayton - the former chairman of the Securities & Exchange Commission - is convinced that the approval of the stock market traded is a question of the "when" and not the "OB". On CNBCS " squawk-box ", he said:

Bitcoin is not a security. Therefore, I think an approval is essential. The dichotomy between a futures product and a cash product cannot stay that way forever. That is the way we are on.

At the time of writing, the largest cryptocurrency in the world has dropped by around 18 % compared to its previous highest level from mid -July.

Why is the SEC delaying the decision about the Bitcoin ETF?

for Clayton, the hype around a Bitcoin ETF is an indication that both private investors and institutional investors want access to the digital asset.

Note that a US court decided this week in his complaint against the SEC in favor of Grayscale (learn more). According to the former head of this government authority:

The DC Circuit gave the SEC time to rethink the matter and possibly put other reasons. Maybe there will be some, but I don't see them.

A spot bitcoin ETF is a big deal, since many experts believe that he could boost the demand for cryptocurrency, which could ultimately lead to a significant increase in price.