On March 7 Grayscale will contest the SEC’s decision to deny the conversion of its GBTC to an ETF. If Grayscale wins, it will mean we will finally have a Bitcoin spot ETF and it will also
potentially lead to a surge of investment into Bitcoin and cryptocurrency markets. I talked to Michael Sonnenshein, CEO Of Grayscale Investments, about GBTC, SEC, what the conversion will mean to crypto and GBTC investors, the Genesis bankruptcy and effect of FTX, and of course the crypto regulation.
Michael Sonnenshein:
https://twitter.com/Sonnenshein
Grayscale:
https://grayscale.com/
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Timestamps:
0:00 Intro
0:47 How does GBTC operate
3:09 GBTC vs ETF
7:45 Why Futures ETF was approved while spot ETF was not
12:34 GBTC investors would benefit from ETF conversion
15:47 Regulation
22:40 Is contagion over?
25:00 Genesis bankruptcy
27:45 SEC case
28:33 Can crypto companies work with SEC?
30:50 Seeking non-regulated jurisdictions
33:20 Ideal path for the US to be a tech leader
36:20 Will ETF unlock a massive audience?
39:24 What excites Michael in crypto
43:27 Wrap up
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.