Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), believes that the launch of an Ethereum (ETH) exchange-traded fund (ETF) on American stock exchanges is inevitable. In an interview on CNBC, Clayton explains that while the SEC has already approved the product itself, the approval for the actual trading of the ETF is still pending. He states that the recent listing approval is a step in the right direction and suggests that the approval of the registration statement is the next crucial step. Clayton draws a parallel to the process followed for Bitcoin products, where most of the questions were resolved before trading began. Last week, the SEC approved form 19b-4 filings from various firms, including BlackRock and Fidelity, but the S-1 registration filings must also be approved before trading can commence. It is important for investors to conduct their own research and exercise caution when investing in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not offer investment advice and participation in affiliate marketing is disclosed.