The crypto community has been kept at the edge of its seat as the SEC decided to postpone a decision on the 7 Spot Bitcoin ETFs filed over the last few months. During such a pensive time, market analysts have predicted the SEC authorizing a Spot Bitcoin ETF while the former SEC Chairman foresees a losing battle for the regulator.
The legal proceedings have not been favorable with the SEC, and analysts led by Nikolaos Panigirtzoglou from JP Morgan, a New York-based universal bank have predicted the eventual acceptance of Bitcoin ETF applications by the SEC.
A prominent X (formerly Twitter) influencer, Collin Brown released a post on Monday, 4th September revealing that the former Chairman of the US SEC, Jay Clayton sees an undisputed win for Grayscale in the Bitcoin ETF case.
Brown stated that Clayton foresaw the “inevitable” acceptance of Bitcoin ETF proposals by the SEC and the post highlighted the time the SEC may conclude their decision on Bitcoin ETF applications, ultimately ending the legal feud between the SEC and Grayscale.
“Former SEC Chairman Jay Clayton predicts the approval of a spot Bitcoin ETF is inevitable! The SEC might make the announcement in mid-October, or it could take a bit longer, but progress is on the horizon for crypto enthusiasts,” the post read.
However, the X account was later suspended following the announcement.
