{"id":11597,"date":"2024-02-10T04:17:33","date_gmt":"2024-02-10T04:17:33","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11597"},"modified":"2024-02-10T13:17:09","modified_gmt":"2024-02-10T13:17:09","slug":"grayscale-ceo-wants-options-market-for-spot-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/grayscale-ceo-wants-options-market-for-spot-bitcoin-etfs\/","title":{"rendered":"Grayscale CEO Wants Options Market for Spot Bitcoin ETFs"},"content":{"rendered":"<p>Grayscale CEO Michael Sonnenshein wants option market for recently approved spot Bitcoin ETFs.<\/p>\n<h2><span style=\"font-size: 75%;\">Grayscale CEO Demands for spot Bitcoin ETF Option Market<\/span><\/h2>\n<p>The SEC&#8217;s approval of spot Bitcoin <a href=\"https:\/\/coinengineer.net\/blog\/jpmorgan-report-about-spot-bitcoin-etf\/\">ETF<\/a>s has changed investors&#8217; view of the market. Spot <a href=\"https:\/\/coinengineer.net\/blog\/ark-21shares-updates-spot-ethereum-etf\/\">Bitcoin ET<\/a>Fs are a main source that for trust for the inverstors. The SEC&#8217;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.<\/p>\n<p><span style=\"font-weight: 400;\">Grayscale, a prominent issuer of this innovative investment product, is now pushing for the approval of options on spot Bitcoin ETFs. Michael Sonnenshein, Grayscale&#8217;s CEO, took to X on January 5 to express this demand, stating, &#8220;As we look ahead, I think it\u2019s 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.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He concluded by affirming Grayscale&#8217;s commitment to advocating for spot Bitcoin ETFs and fair treatment of the crypto asset class.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<hr \/>\n<div class=\"markdown markdown-main-panel ui-v2-enabled\" dir=\"ltr\">\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,<\/a>\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> channels for the latest news and updates instantly.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale CEO Michael Sonnenshein wants option market for recently approved spot Bitcoin ETFs. Grayscale CEO Demands for spot Bitcoin ETF Option Market The SEC&#8217;s approval of spot Bitcoin ETFs has changed investors&#8217; view of the market. Spot Bitcoin ETFs are a main source that for trust for the inverstors. The SEC&#8217;s approval of ETFs and<\/p>\n","protected":false},"author":6,"featured_media":9674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,1766,534,4271],"class_list":["post-11597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-btc","tag-bitcoin-etf","tag-grayscale-ceo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grayscale CEO Wants Options Market for Spot Bitcoin ETFs - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Grayscale CEO Michael Sonnenshein wants option market for recently approved spot Bitcoin ETFs (exchange-traded funds).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/grayscale-ceo-wants-options-market-for-spot-bitcoin-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grayscale CEO Wants Options Market for Spot Bitcoin ETFs - 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