Bitcoin ETF

Grayscale Bitcoin Trust

Grayscale's CEO, Michael Sonnenshein, expressed optimism regarding ongoing discussions with the US Securities and Exchange Commission (SEC) regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF). 
<h2 id="grayscale-ceo-optimistic-about-talks-with-sec-on-spot-bitcoin-etf">Grayscale CEO Optimistic About Talks With SEC on Spot Bitcoin ETF</h2> 
Sonnenshein shared his views on the positive relationship between Grayscale and the SEC in an interview with Yahoo Finance on Wednesday. 
“We're feeling optimistic. The questions we're getting from them tell us they want to engage with this issue and are eager to make progress on it,” he said. 
Despite his positive outlook, Sonnenshein did not give a specific timeline for possible developments. 
Grayscale had actively sought approval for its spot Bitcoin ETF and achieved a significant legal victory in August. Three judges ruled in favor of Grayscale, directing the SEC to re-examine the company's spot Bitcoin ETF offering. 
This decision follows Grayscale's lawsuit against the SEC after its plan to convert its flagship Grayscale Bitcoin Trust (GBTC) fund was rejected. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announces-this-altcoin-will-support-network-upgrade-12/" target="_blank" rel="dofollow">Bitcoin Exchange Binance Announces This Altcoin Will Support Network Upgrade!</a> 
SEC Chairman Gary Gensler touched on the court's decision at a hearing held in the Senate Banking Committee in September and stated that the institution was still reviewing the decision. 
Many companies, including BlackRock and Fidelity, have applied for spot bitcoin ETFs. 
Observers suggest that the Grayscale court decision could affect the SEC's stance. But Gensler is openly critical of cryptocurrencies, citing concerns about fraud and manipulation. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/grayscales-ceo-discussed-etf-application-with-sec-here-are-the-details/">Grayscale's CEO Discussed ETF Application with SEC! Here are the Details!</a>

Grayscale's CEO Discussed ETF Application with SEC! Here are the Details!

Table of Contents

Bitcoin Sistemi EN

Autres articles publiés le 7 déc. 2023

Bitcoin Futures Interest on the Rise, Will the Rally Last?

VeChain and Walmart China Team Up For Blockchain Traceability

Breaking News in Binance Case: The Seals of Secret Documents are Being Opened

Are BTC Miners selling their holdings, or What?

Robinhood introduces cryptocurrency trading app in Europe

Netmarble Unveils DEMIS RE: BORN at G-Star

Join our free newsletter for daily crypto updates!