CryptoRegulation
- We don’t know what final opinion will say, Sonnenshein says
- Shares of GBTC decline in wake of 17% surge the prior day
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By Vildana Hajric and Alix Steel
Grayscale Investments LLC Chief Executive Officer Michael Sonnenshein isn’t sure yet whether the firm needs to refile an application with the SEC to offer an ETF that invests directly in Bitcoin after winning a key dispute with the regulator.
“We will have to see upon the final operational procedures that come through that final mandate that the court will issue,” Sonnenshein said Wednesday on Bloomberg Television. “We don’t know what the final opinion will say until we reach the end of that period,” which is 45 days from the ruling, he said.
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Grayscale CEO Unsure if Firm Has to Refile With SEC for Spot Bitcoin ETF
