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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin ETF Approvals Could 'Unlock Floodgates Of Advised Wealth' For BTC: Grayscale CEO

Bitcoin Grayscale ETF Michael Sonnenshein SEC
Grayscale's New Brand Identity (Credit: Grayscale Investments official YouTube channel)

KEY POINTS

  • Michael Sonnenshein has urged the SEC to approve multiple spot Bitcoin ETFs
  • "I think that the SEC should and does, in fact, want to create an even playing field," the CEO said
  • Bitcoin broke through the $43,000 price level, trading in the green zone at $43,036.39 Tuesday morning

Grayscale CEO Michael Sonnenshein has urged the U.S. Securities and Exchange Commission to allow multiple BTC exchange-traded funds (ETFs) at once as it could open the floodgates by "unlocking" around "$30 trillion worth of advised wealth."

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