Former SEC Chairman Jay Clayton anticipates U.S. approval of the first spot Bitcoin ETF, backed by major financial institutions. Former SEC Chair Jay Clayton recently remarked that he predicted that the United States will approve the first Bitcoin exchange-traded fund (ETF) in the near future. This follows a favorable court decision that allowed Grayscale’s GBTC The post Former SEC Chairman And JP Morgan Foresees U.S. Approval of First Spot Bitcoin ETF first appeared on The Crypto Basic .