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Grayscale CEO Michael Sonnenshein wants option market for recently approved spot Bitcoin ETFs.
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.
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