Jay Clayton: Progress Is Being Made on a Bitcoin ETF

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The path towards a bitcoin exchange-traded fund (ETF) hasn’t always been a clear one, and while steps are being taken to ensure things go smoothly, Securities and Exchange Commission (SEC) chairman Jay Clayton says there is still “work left to be done.” Clayton Says the SEC Still Has Concerns In a recent interview, Clayton comments that “progress is being made” when it comes to pushing a bitcoin ETF forward, though the SEC’s worries haven’t dissipated completely. There are several companies that have tried for a bitcoin or crypto-based ETF over the years, including the Gemini Exchange founded by the Winklevoss Twins in New York. Unfortunately, many of these ETF proposals have been outright rejected. Among those that have encountered some consideration and “success” is VanEck Solid X, a joint company which initially filed its proposal in early March of 2017. While this company was rejected at first and results were…

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