GBTC approval may return a ‘couple billion {dollars}’ to traders: Grayscale CEO

Grayscale Investments’ CEO Michael Sonnenshein acknowledged he “can’t think about” why the US Securities and Trade Fee (SEC) “wouldn’t need” to guard Grayscale traders and return the true asset worth to them, in a latest podcast interview.

In an interview with What Did, a well-liked podcast hosted by Peter McCormack, on Feb. 25, Sonnenshein defined that the SEC “violated the executive procedures act” by denying Grayscale Bitcoin Belief (GBTC) to be an accredited spot Bitcoin (BTC) exchange-traded fund (ETF), in June 2022.

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