Grayscale Investments CEO Michael Sonnenshein said that the SEC encouraged them.
While Grayscale is optimistic about whether the SEC will approve a spot Bitcoin ETF, it is preparing for all possible scenarios.
The company’s CEO, Michael Sonnenshein, said in a letter to investors:
“We are encouraged by the statements and actions of the SEC that the maturity of the Bitcoin market has increased over the past eight months”
The SEC approved the first Bitcoin ETF last October. However, the regulator has yet to approve a spot Bitcoin ETF. Sonnenshein continued in his letter:
“However, as you know, the SEC continues to prohibit the issuance of spot-based ETFs. Therefore, the Grayscale team is preparing for all possible scenarios.”
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