Mentions of Spot Bitcoin ETFs have been constant in the crypto and traditional investment industries in recent months as many investors wait on the SEC’s decision. However, some players have constantly played down the possibility of Bitcoin spot ETFs taking root in the US market.
One of those who do not believe a Spot Bitcoin ETF will be approved is John Reed Stark and according to the former SEC attorney, investors probably shouldn’t hold their breath waiting for approval of a spot Bitcoin ETF anytime soon.
Chances For SEC Approval Of A Bitcoin Spot ETF Are Slim And None
John Reed Stark is a former SEC insider who served as the regulator’s chief of internet enforcement, and taking to his social media account to speak on the matter, Stark laid out several reasons why the SEC isn’t likely to approve a Spot Bitcoin ETF despite being available in other regions.
According to him, CNBC’s recent study on the industry…
