Cryptocurrency-focused investment company Grayscale stated that it is a matter of time for spot Bitcoin (BTC) exchange-traded fund (ETF) applications to be approved.
An assertive statement came from Grayscale about spot Bitcoin ETF applications. Company’s Chief Legal Officer Craig Salm by 18 October In a statement made today, spot Bitcoin ETF application approvals were announced. the future for sure and everything just a matter of time It was stated that.
Spot Bitcoin ETF applications without the possibility of disapproval Craig Salm, Grayscale team GBTC spent a lot of time with lawmakers in the process of converting his fund into a spot Bitcoin ETF. had close contacts he emphasized.
Sharing his observations based on these close contacts, Salm said that both the regulator front and the stablecoin law as well as Regulations for the cryptocurrency industry He said that he was working hard on the subject:
The fact that we have two bills making their way through committee to the House of Representatives is incredible progress that we haven’t seen in the cryptocurrency space in Washington today.
Both bills mentioned by Salm in summer It had passed the House Financial Services Committee. The bills are currently in the House of Representatives waiting to be voted.
A US court Grayscale’s SEC’s application to convert the GBTC fund into an ETF upon rejection He found Grayscale right in the lawsuit he filed. The US Securities and Exchange Commission (SEC) did not object to this decision last week, strengthening the possibility of a spot Bitcoin ETF approval.
SEC Chairman Gary GenslerIn his statement on October 18, SEC staff was still processing all ETF applications. continues to investigate he stated.