Grayscale, Bitwise confident a spot Bitcoin ETF will be approved soon

06/10 02:22

Investment firms Grayscale and Bitwise said they were optimistic that a spot bitcoin ETF would finally be approved by the SEC soon at CoinDesk’s Consensus 2022 in Austin, Texas, on Thursday. (Grayscale is owned by DCG, the parent company of CoinDesk). Both Grayscale, which runs the world’s largest bitcoin fund, the Grayscale Bitcoin Trust (GBTC), and Bitwise face impending deadlines for their spot bitcoin ETF applications to the SEC. Grayscale’s proposal to convert GBTC to a spot bitcoin ETF is going through a public comment period with the deadline for the SEC’s decision coming on July 6, while the deadline for the Bitwise decision is June 29. “There’s a perception in the crypto industry that the SEC is just saying no, and that’s now what the facts show,” said Matt Hougan, chief investment officer for Bitwise.
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