- Grayscale CEO Michael Sonnenshein remains optimistic about the imminent launch of Spot Bitcoin ETF.
- Sonnenshein says that the Bitcoin ETF launch is a matter of when and not a matter of if.
- The SEC’s recent discussions with the exchange add to Sonnenshein’s optimistic beliefs.
Grayscale CEO Michael Sonnenshein has been optimistic about the imminent Spot Bitcoin ETF launch. In an interview with Fox Business, the Grayscale CEO reaffirmed his positive outlook on the introduction of Bitcoin ETFs, adding, “This is a matter of when, not a matter of if.”
Reportedly, the Securities and the Exchange Commission (SEC) has been involved in discussions with crypto platforms regarding the Bitcoin ETFs. Eric Balchunas, the Senior ETF Researcher at Bloomberg, analyzed these discussions as a positive development in the market. Similarly, Sonnenshein commented that the level of engagement with the regulators and the granular details of the ETF launch provided by the regulators add to his optimistic perspectives.
The CEO reiterated that the conversion of Grayscale Bitcoin Trust (GBTC) into an exchange-trad…
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