The head of the most recent bitcoin asset management firm has expressed the expectation that the agency will act in a manner that is “the right thing.”

Following the delay that occurred in November, Grayscale has now withdrawn its application for an Ethereum ETF, as reported by U.Today. To secure a 19b-4 order from the SEC, it was a Trojan horse filing, according to James Seyffart, an analyst who specializes in ETFs.

However, according to a number of analysts, Grayscale’s decision to withdraw from the transaction most certainly indicates that the company will not pursue any additional legal action against the SEC.

Grayscale achieved a significant victory over the agency in August of last year, which ultimately opened the way for the introduction of a number of Bitcoin ETFs in January of this year.

Following several months of continuous hemorrhaging, Grayscale’s GBTC has just lately reported its first days of inflows.

In spite of the fact that ETFs for Bitcoin have been quite successful, it is generally believed that the Securities and Exchange Commission (SEC) would reject multiple applications for Ethereum ETFs in March due to the complete lack of engagement with ETF issuers.

The post Grayscale CEO is Optimistic on Ethereum ETF Approval appeared first on Coin Engineer.

Grayscale CEO Demands for spot Bitcoin ETF Option Market

The SEC’s approval of spot Bitcoin ETFs has changed investors’ view of the market. Spot Bitcoin ETFs are a main source that for trust for the inverstors. The SEC’s approval of ETFs and the subsequent decline in the market brought new debates. After the approval Bitcoin went below $40k, and now surpassed $48k and looking strong on going to $50k resistance.

Grayscale, a prominent issuer of this innovative investment product, is now pushing for the approval of options on spot Bitcoin ETFs. Michael Sonnenshein, Grayscale’s CEO, took to X on January 5 to express this demand, stating, “As we look ahead, I think it’s never been more important for the crypto and ETF communities alike to advocate for the development of a robust listed options market for spot Bitcoin ETFs.”

He concluded by affirming Grayscale’s commitment to advocating for spot Bitcoin ETFs and fair treatment of the crypto asset class.

Bitcoin (BTC), dubbed the new star of Wall Street and the premier cryptocurrency, remains a hot topic among investors. Just a week after the spot Bitcoin ETF market launch, it surpassed silver to become the second-leading ETF commodity. The emergence of the Bitcoin ETF versus gold rivalry, once thought improbable, has now become a reality, with speculators eagerly watching the spectacle unfold.

The post Grayscale CEO Wants Options Market for Spot Bitcoin ETFs appeared first on Coin Engineer.