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Grayscale CEO sees spot bitcoin ETF as first step toward ‘normalizing’ crypto
It’s been a long road for spot bitcoin ETF filers – and today the U.S. Securities and Exchange Commission finally approved all 11 standing applications
It’s been a long road for spot bitcoin ETF filers – and today the U.S. Securities and Exchange Commission finally approved all 11 standing applications from issuers. Circuit Court of Appeals’ ruling in favor of Grayscale against the U.S. Securities and Exchange Commision in the case of a bitcoin spot ETF in the Summer of 2023. While that decision vacated the SEC’s previous denial order of “uplifting” GBTC into an ETF, Sonnenshein thinks “it was a moment not only a validation for us as an asset manager, but for the industry as a whole…that was really the catalyst that broke the logjam.”
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