​​The SEC Will Certainly Approve a Bitcoin Spot ETF, says Gray | Global CRYPTO News

​​The SEC Will Certainly Approve a Bitcoin Spot ETF, says Grayscale’s CEO

Grayscale CEO Michael Sonnenshein believes it’s only a matter of time before a Bitcoin spot ETF is permitted in the United States. He recently claimed that there may be grounds for a lawsuit against the commission if they don’t.

Speaking with CNBC last week, Sonnenshein explained why a recent futures ETF approval spells optimism for an upcoming spot variant. The SEC greenlighted the Teucrium Bitcoin Futures ETF earlier this month, which was filed under the Securities Act of 1933.“There were several protections that 40 Act products have that 33 products don’t have,” explained Sonnenshein. He claims, however, that none of them addressed the SEC’s concerns about Bitcoin market manipulation.