Michael Sonnenshein, CEO of digital asset management company Grayscale, stated that the ongoing question of whether U.S. regulators will approve Bitcoin spot exchange-traded funds has transcended the investment community and attracted politicians, and has become a political issues.
Last week, we saw the support of Rep. Tom Emmer and Darren Soto for the Bitcoin spot ETF. Sonnenshein referred to the two’s arguments and pointed out that the US Securities and Exchange Commission is actually only worried about the potential Bitcoin market.
According to Sonnenshein, the cryptocurrency industry and now politicians are demonstrating that if you are satisfied with derivatives and the pricing of these futures contracts comes from the spot market itself, then you are essentially satisfied with the spot market.
Post time: Nov-10-2021