BlackRock’s Bitcoin ETF filing only adds to the validity of Bitcoin as an asset class, and is a testament to its “staying power,” said Grayscale CEO Michael Sonnenshein.
If approved, both institutional and retail investors in the U.S. would have a simple, legally compliant way of getting exposure to the price of Bitcoin without actually owning any.
“The ETF wrapper is tried and true and it has become the access point for so many different assets, whether they’re commodities or stocks,” said Sonnenshein.Up until this point, Sonnenshein’s Grayscale has been offering U.S. investors a roundabout way of gaining exposure to Bitcoin — by enabling investors to trade shares in trusts holding large pools of Bitcoin via its Grayscale Bitcoin Trust .
Today, our attorneys filed a letter with the DC Circuit highlighting the disparity between the SEC’s approval of a leveraged
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