Grayscale Investments’ CEO Michael Sonnenshein said last week that the firm is considering suing the SEC if the agency continues to stall on Grayscale’s long-term plan to turn its bitcoin trust into an ETF. “It really is, in our opinion, a matter of when and not if” there is a bitcoin spot ETF, Sonnenshein said. “If the SEC can’t look at two like issues, the futures ETF and the spot ETF, through the same lens, then it is, in fact, potentially grounds for an Administrative Procedure Act violation.” [
Bitcoin Spot ETF: 'Not If, But When'
Bitcoin Spot ETF: 'Not If, But When'
Bitcoin Spot ETF: 'Not If, But When'
Grayscale Investments’ CEO Michael Sonnenshein said last week that the firm is considering suing the SEC if the agency continues to stall on Grayscale’s long-term plan to turn its bitcoin trust into an ETF. “It really is, in our opinion, a matter of when and not if” there is a bitcoin spot ETF, Sonnenshein said. “If the SEC can’t look at two like issues, the futures ETF and the spot ETF, through the same lens, then it is, in fact, potentially grounds for an Administrative Procedure Act violation.” [