SEC Will Not Approve a Spot Bitcoin ETF, Says Former SEC Chief
Former SEC chief John Reed Stark has shared insights on the likelihood of the SEC approving recent applications for Bitcoin spot ETFs, highlighting intriguing factors influencing the decision. In a recent tweet, Stark referenced the Analysis from experts at BetterMarkets, who presented their perspective in SEC Comment Letters on August 8, 2023. The Analysis was regarding proposed rule changes for spot bitcoin-based exchange-traded products. Will the SEC Approve Any Of The Recent Bitcoin Spot ETF Applications? People often ask for my opinion on whether the SEC will approve any of the recent spate of bitcoin spot ETF applications, which is an interesting and important question. My take is that the current SEC will… pic.twitter.com/lPXebl03Y4 — John Reed Stark (@JohnReedStark) August 13, 2023 Stark says the current SEC may not approve a Bitcoin spot ETF According to Stark, the current SEC may not approve a Bitcoin spot ETF application due to various compelling...