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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 <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.</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 (BTC) 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 #Bitcoin ETF would "unlock" #BTC for about "$30 trillion worth of advised wealth." pic.twitter.com/yaM1riX9FI</p>— Bitcoin Magazine (@BitcoinMagazine) December 18, 2023
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 <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 spot Bitcoin ETF as Grayscale’s continues to be proactive in getting its ETF offering to the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.</p>
 <p>Additionally, Sonnenshein acknowledged Grayscale’s role in pioneering cryptocurrency investment with products like the Grayscale Bitcoin Trust.</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>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> JPMorgan: Bitcoin ETF’s impact overstated, Ethereum set to surprise skeptics
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-ceo-confident-in-2024-bitcoin-market-tbt74087.html">https://thebittimes.com/grayscale-ceo-confident-in-2024-bitcoin-market-tbt74087.html</a></p>

Grayscale CEO confident in 2024 Bitcoin market

TheBitTimes

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