According to analysts, the change in Grayscale’s board of directors could increase the chances of approval of the spot Bitcoin ETF.
Digital Currency Group founder Barry Silbert’s resignation as Grayscale Investments chairman, according to Ram Ahluwalia, CEO of Lumida Wealth Management Grayscale looks more favorably on ETF application can provide.
Digital Currency Group, which owns Grayscale, is currently facing some claims that have been made against the company but have not yet been resolved in court.
Ahluwalia, “The SEC’s own investigation against DCG.” He stated that he was, but “I do not think the SEC has formally recommended that Barry resign from the board.” said.
But in this direction an unofficial signal has been given Adding that it may be possible, Ahluwalia said that Barry’s resignation It gives Grayscale more autonomy he emphasized. Lumida CEO, decision to resign, “This is a decision by Barry to increase the chances of the ETF being approved.” he commented.