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Finally, the expected good news came from the SEC and spot Bitcoin ETFs were approved.
After this news, statements came one after another from the important names of the cryptocurrency market, and another statement came from Grayscale CEO Michael Sonnenshein, who achieved a victory against the SEC.
“We already knew ETFs would be approved,” Grayscale CEO told Tech Crunch.
Stating that the most critical event that forced the SEC to make its approval decision was Grayscale's victory against the SEC, the famous CEO said, “I believe that the most critical thing that brought spot Bitcoin ETF approvals was the decision of the DC Circuit Court of Appeals in favor of Grayscale.” said.
“I've known these approvals were coming for 10 years.
We always knew that investor sentiment would reach this point with US regulators.
These approvals were a breakthrough moment not only for Grayscale, but for the entire industry. “It became the catalyst for Bitcoin and cryptocurrencies.”