Bitcoin

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<ul class="news-points"> 
 <li>Judge Neomi Rao’s ruling compels SEC to reevaluate Grayscale’s spot Bitcoin ETF application.</li> 
 <li>Michael Sonnenshein, Grayscale’s CEO, emphasized long-standing intention to evolve GBTC into a Bitcoin ETF.</li> 
 <li>Grayscale’s journey over nine years aims to transition to an ETF structure for Bitcoin accessibility.</li> 
</ul> 
With the recent ruling made by Judge Neomi Rao on the Grayscale case against the SEC, the regulator is now compelled to reevaluate its stance on the application for a spot <a href="https://coinedition.com/tag/bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund (ETF)</a> by Grayscale. 
Earlier this year, in an <a href="https://www.youtube.com/watch?v=T9Wkk48j2DQ" target="_blank" rel="noopener noreferrer nofollow">interview</a> on the “Unchained” podcast, Michael Sonnenshein, CEO of Grayscale Investments, emphasized the long-standing intention for the Grayscale Bitcoin Trust (GBTC) to evolve into a Bitcoin ETF. He stated: 
<blockquote class="wp-block-quote"> 
 “An ETF was the ultimate goal for GBTC… An ETF format was what we always conceived of and that’s always what we intended to do even before we launched the product back in 2013.” 
</blockquote> 
Furthermore, Sonnenshein clarified that Grayscale has been on a journey over the past nine years, providing Bitcoin accessibility to investors through a regulated way, with the ultimate goal of transitioning to an ETF structur… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/etf-was-gbtcs-ultimate-goal-grayscales-only-option-was-to-sue-sec/">ETF Was GBTC’s Ultimate Goal; Grayscale’s Only Option Was To Sue SEC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ETF Was GBTC’s Ultimate Goal; Grayscale’s Only Option Was To Sue SEC

Coin Edition

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