Grayscale Investments CEO Michael Sonnenshein evaluated their discussions with the Securities and Exchange Commission (SEC) as positive.
Speaking to Yahoo Finance on Wednesday, Sonnenshein said about their talks regarding the spot Bitcoin exchange-traded fund: “We feel optimistic.” he said and “We are actively communicating with the SEC. “The questions we receive from them signal that they want to be involved in this issue and make progress on this issue.” he added.
Grayscale, which is trying to turn GBTC into an exchange-traded fund, sued the SEC last year for rejecting its application, and the court ruled in August that the SEC rejected the application. should be re-evaluated He won a legal victory as a result of his decision.
Sonnenshein said that a timeline regarding Bitcoin ETFs has not been shared yet.
Grayscale CEO Sonnenshein also spoke with JPMorgan CEO Jamie Dimon. About the fact that the government would shut down cryptocurrencies if it were in its place He also evaluated his comments. Sonnenshein said that every manager can have his or her own ideas and made the following statement:
“But if you think about it for a moment, there is no question that this asset class is here to stay, that investor interest in this asset class is growing, and that exactly these types of institutions, these traditional institutions, these banks that have already started to develop their business models, are responsible for these new technologies.”