Grayscale managing director says that its emergence is just a matter of time. He also explains why government still hasn’t said yes to ETF launch.
BTC ETF will see the light of the day
Grayscale CEO believes Bitcoin ETF will finally be released. He added that the US regulators have come a long way in market regulation.
“As for Bitcoin-ETF, the only question is about the time of its emergence because there is no doubt it will finally be launched”, said Michael Sonnenshine, Grayscale managing director and Morgan Greek Dogital co-founder.
“Actually, there are already some ways for dealing with regulators on these type of assets within the existing structure, and the point is that government is still not ready for ETF approval”, commented Sonnenshine.
An instrument providing access to BTC on leading financial markets for investors and traders could have appeared long time ago but the SEC denied the project for many times.
Sonnenshine said that he found this approach reasonable as American regulators were just waiting until the market became more mature.
Reasons for Bitcoin-ETF denial are based on lack of evidence of that there were no manipulations with crypto and that the market is really as large as crypto enthusiasts claim.