sunporno-GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
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In a recent interview, Grayscale Investments’ CEO Michael Sonnenshein stated he “can’t imagine” why the United States Securities and Exchange Commission (SEC) “wouldn’t want” to protect Grayscale investors and return the true asset value to them.
In a Feb. 25 interview on What Bitcoin Did, a popular podcast hosted by Peter McCormack, Sonnenshein explained that the SEC “violated the administrative procedures act” by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin (BTC) exchange-traded fund (ETF), in June 2022.
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