GBTC approval might return a ‘couple billion {dollars}’ to buyers: Grayscale CEO

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

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

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