Bitcoin ETF

Spot

Trillion

<div class="watcher-guru">
 <p>Speaking to CNBC, Grayscale CEO Michael Sonnenshein says that the approval of a Spot Bitcoin ETF would unlock about $30 trillion worth of advised wealth for Bitcoin. Indeed, speaking on the Squawk Box program, Sonnenshein noted that approval will allow investment from individuals who have been “locked out” of a chance to have Bitcoin exposure.</p>
 <p>Sonnenheim specifically noted that the advised market would have seen a massive influence on Bitcoin investment. Unfortunately, the Grayscale CEO echoes similar statements shared by those optimistic about the approval of a Spot Bitcoin ETF. Moreover, many expect a decision to be made by the US Securities and Exchange Commission (SEC) in early 2024.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: Grayscale CEO says Spot #Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for #Bitcoin. pic.twitter.com/KTrSUMInnP</p>
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
     <div class="publift-ad add">
      <div data-fuse="22560828227"></div>
     </div>
    </div> — Watcher.Guru (@WatcherGuru) December 18, 2023
   </blockquote>
  </div>
 </figure>
 <p><strong>Also Read: ARK Invest Sells $2.5M in Grayscale GBTC Amid BTC Price Surge</strong></p>
 <h2 class="wp-block-heading" id="h-grayscale-says-spot-bitcoin-etf-to-unlock-30-trillion-in-advised-wealth">Grayscale Says Spot Bitcoin ETF to Unlock $30 Trillion in Advised Wealth</h2>
 <p>As 2024 fast approaches, the digital asset industry is anxiously awaiting a decision on a potential Spot Bitcoin ETF. Such an investment product has yet to be approved in the United States. However, with more than a dozen pending applications, that is likely to change.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Now, speaking to CNBC, the CEO of one potential issuer has spoken on its potential value. Indeed, Grayscale CEO Michael Sonnenshein says that a Spot Bitcoin ETF would unlock $30 trillion in advised wealth. Moreover, he noted the impact on the investment market that has been “locked out” on the asset.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="538" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-68275 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 800w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1024w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 300w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 768w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 380w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 550w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 800w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1160w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="538" src="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp" alt="" class="wp-image-68275" srcset="https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1024w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 300w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 768w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 380w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 550w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 800w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1160w, https://cdn.thebittimes.com/images/2023/12/19/a4e0901bc5e03a354093a0d2b0bb9362.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: CryptoSlate
  </figcaption>
 </figure>
 <p><strong>Also Read: Bitwise Releases Spot Bitcoin ETF Commercial</strong></p>
 <p>“I’m not one to make price predictions, but I do think there is a lot of optimism again in the market,” Sonnenshein stated. “A lot of investors are adding Bitcoin to their portfolios, and when we look ahead to the hopeful approval for Spot Bitcoin ETF it is going to unlock the opportunity to be part of the investment community that, for better or worse- and I would say worse- has unfortunately been locked out of the opportunity to participate.”</p>
 <p>Thereafter, Sonnenshein pointed to the $30 trillion figure as what could be unlocked by the approval. Conversely, Grayscale remains one of more than 12 applications that are seeking to issue the investment product. Based on ongoing discussions, many predict a decision to arrive as early as January 8th.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>GrAYSCALE</li>
  <li>spot bitcoin etf</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-ceo-spot-bitcoin-etf-to-unlock-30-trillion-tbt74084.html">https://thebittimes.com/grayscale-ceo-spot-bitcoin-etf-to-unlock-30-trillion-tbt74084.html</a></p>

Grayscale CEO: Spot Bitcoin ETF to Unlock $30 Trillion

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 18 dic 2023

EU to Invest Over €760 Million in Cloud, Data, and Cybersecurity Projects

The BNB Coin Bears have Arrived; Will the Bulls Make a Comeback?

Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10?

Lunanauts Announces Collaboration for LUNC Support Amid Price Drop

Launching A Multibillion Dollar Carbon Marketplace on 5ire, Powered By GRO

Worldcoin to restart operations in Kenya by early 2024

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!