Michael Sonnenshein, the CEO of Grayscale Investments, said that he is feeling optimistic about the spot BTC ETF conversation his firm had with the SEC.
In an interview with Yahoo Finance, Sonnenshein said that his firm had discussions with the Securities and Exchange Commission (SEC) on the potential for a spot Bitcoin ETF and it has turned out very positive.
“We have been actively engaging with the SEC,” said the Grayscale CEO, adding, “The questions that we’re getting from them signal to us that they want to engage on this issue, that they’re eager to make progress on this issue.”
The SEC chair previously confirmed that the agency is reviewing multiple spot Bitcoin ETF applications while keeping up with a stricter stance against the crypto industry.
Furthermore, in the interview, when asked about his views on JPMorgan CEO Jamie Dimon telling the government to shut down crypto, Sonnenshein said that every executive will have their own opinions on new technologies.
“But if you take a big step back, there is no question that this asset class [Cryptocurrency] is here to stay, that investor interest in this asset class is only growing,” he assured.
The SEC and Grayscale have been in legal conflict since long after the agency rejected an application to convert GBTC into a spot Bitcoin ETF. Grayscale later went to court and won a court order for approval of its spot Bitcoin ETF and to get its application reviewed.
