The battle for Bitcoin ETFs continues as companies like Blackrock and others apply to the SEC for the rights to offer them to clients.
Think of a Bitcoin ETF as an easy and secure way to invest in BTC without actually buying it
Therefore, Former SEC Chairman Jay Clayton believes a spot Bitcoin ETF is "inevitable."
A Bitcoin ETF would attract a flood of investors to the spot market, creating an imbalance between demand and supply
According to Tom Lee, a spot ETF could consume the daily supply of Bitcoin, pushing prices higher. Demand could outstrip supply, potentially reaching $185,000 or more
The future of Bitcoin ETFs remains uncertain, but Clayton asserts that "an approval is inevitable" due to the growing gap between futures and cash products.