Grayscale Investments expects the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) to allow the $30 trillion advised wealth market to gain exposure to bitcoin. “I do think there is a lot of optimism in the market,” said the crypto asset manager’s chief executive. “I think a lot of investors are adding bitcoin to their portfolios.”
Grayscale’s CEO Sees Much Optimism in the Market
The CEO of crypto asset manager Grayscale Investments, Michael Sonnenshein, discussed his perspective on bitcoin and the market’s expectations regarding the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in an interview with CNBC and Bloomberg on Monday.
“If you look back at this year, the price appreciation you’ve seen in bitcoin has really been driven by both the macro and micro forces,” he told CNBC. “On the macro front, inflationary pressure [and] rising rate
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