- Grayscale CEO, Michael Sonnenshein, is confident that Bitcoin spot ETFs will receive approval.
- Sonnenshein anticipates decisions on their cases with the SEC to be made during the summer months.
- He reiterates that the question is not if a spot Bitcoin ETF will be approved, but when it will be approved.
Grayscale CEO’s Confidence in Bitcoin Spot ETF Approval
Michael Sonnenshein, the CEO of Grayscale, the world’s leading digital fund company, recently expressed his certainty that Bitcoin spot ETFs will receive approval. During an interview with Bloomberg TV, Sonnenshein touched on various topics, from their ongoing cases with the SEC to their newly created ETF requests. His confidence in the approval of Bitcoin spot ETFs echoes his previous statements on the matter.
Anticipated Decisions from the SEC
Sonnenshein is currently focused on converting their GBTC into a Bitcoin ETF and anticipates decisions on their cases with the SEC to be made during the summer. He hopes for a resolution from the appeal court in Washington during this period. While decisions could be made at any moment, Sonnenshein expects them to be made by the latest in the fall.
Spot Bitcoin ETF Approval: A Matter of When, Not If
Reiterating his previous statements, Sonnenshein emphasized that the question is not if a spot Bitcoin ETF will be approved, but when it will be approved. He recognizes the significant progress that has been made in the past and acknowledges the substantial contribution of their GBTC product. Currently, there is a significant demand for a spot Bitcoin ETF in the U.S., further strengthening his confidence in its eventual approval.
