🚀Ex-SEC chair Jay Clayton sees a bright future for spot #Bitcoin ETFs, despite recent delays. Major financial institutions backing spot BTC investments signal a shift in retail investors' access to #crypto exposure.🌟

🕰️The SEC extended the review period for spot BTC ETF applications, granting an extra 45 days to decide. They can extend deadlines until March 2024, but Clayton believes progress is "inevitable."🔜

👩‍⚖️Judge Neomi Rao agrees, directing the SEC to reevaluate Grayscale's application to transform its Bitcoin Trust into a spot BTC ETF.🤝

📅Next key deadline: October 7th. Stay tuned for updates on Global X's proposed offering!🔔

What do you think? Will spot BTC ETFs finally get the green light?💡Share your thoughts below!👇 #DeFi #Web3 #Technology