The long wait for a spot bitcoin exchange-traded fund (ETF) in the U.S. may soon be over. Grayscale CEO Michael Sonnenshein said the company is “ready for the main event” after winning a lawsuit against the SEC.
The regulatory agency now has a brief window to approve spot bitcoin ETFs this week, though analysts believe an approval is more likely in early 2024.
Keypoints
- Grayscale CEO says they are ready for a spot Bitcoin ETF approval after winning lawsuit against SEC
- Window of opportunity open for SEC to approve spot Bitcoin ETFs this week, though approval more likely in early 2023
- Spot Bitcoin ETFs expected to introduce crypto to broader investor base like retirement funds and RIAs
- Coinbase report says spot ETFs will improve liquidity, price discovery, open door to new products
- Bitcoin seen as attractive safe haven asset heading into 2024 amid geopolitical and economic uncertainty
Grayscale filed a lawsuit…
