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<p class="is-style-lead">Grayscale CEO eyes spot Bitcoin ETF, unlocking $30 trillion for institutional investors, signaling broader crypto access and a bullish market.</p> 
<p>In a recent CNBC interview, Grayscale CEO Michael Sonnenshein passionately conveyed the potential impact of a spot Bitcoin ETF, emphasizing its ability to “unlock” Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) for approximately “$30 trillion worth of advised wealth.” The CEO acknowledged ongoing conversations with the SEC, emphasizing a commitment to navigating regulatory complexities.</p> 
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   <p lang="en" dir="ltr">JUST IN: 🇺🇸 Grayscale CEO tells CNBC a spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> ETF would "unlock" <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> for about "$30 trillion worth of advised wealth." <a href="https://t.co/yaM1riX9FI" target="_blank">pic.twitter.com/yaM1riX9FI</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1736804416718778616?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 18, 2023</a>
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<p> You might also like: <a href="https://crypto.news/mike-novogratz-bitcoin-poised-for-flight-over-ath-on-spot-btc-etf-approval/"> Mike Novogratz: Bitcoin poised for flight over ATH on spot BTC ETF approval </a> </p> 
<p>“We see this as a tremendous opportunity for investors. It’s about providing access, and a spot Bitcoin ETF could be the key to unlocking vast reserves of advised wealth,” Sonnenshein said.</p> 
<p>Regarding the regulatory challenges, the Grayscale CEO said the company is actively engaged in conversations with the SEC to address concerns and facilitate a smooth transition towards a regulated <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">spot Bitcoin ETF</a> as Grayscale’s continues to be proactive in getting its ETF offering to the market.</p> 
<p>Additionally, Sonnenshein acknowledged Grayscale’s role in pioneering cryptocurrency investment with products like the <a href="https://crypto.news/grayscale-investments-ceo-hints-at-optimistic-scenario-for-spot-bitcoin-etf/" data-type="link" data-id="https://crypto.news/grayscale-investments-ceo-hints-at-optimistic-scenario-for-spot-bitcoin-etf/">Grayscale Bitcoin Trust</a>. </p> 
<p>“We’ve been a trailblazer, providing institutional-grade exposure to digital assets,” he said. “The demand is evident, and a spot ETF aligns with our vision of democratizing access to cryptocurrencies.”</p> 
<p> Read more: <a href="https://crypto.news/jpmorgan-bitcoin-etfs-impact-ethereum-surprise-skeptics/"> JPMorgan: Bitcoin ETF’s impact overstated, Ethereum set to surprise skeptics </a> </p>

Grayscale CEO confident in 2024 Bitcoin market

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