Bitcoin

Michael Sonnenshine: “launching ETFs on bitcoin is just a matter of time”

Michael Sonnenshein, managing director of Grayscale Investments, believes that approving Bitcoin traded exchange traded funds (ETFs) is just a matter of time.

“We think the launch of a Bitcoin ETF is just a matter of time. The regulators have done an excellent job, they are trying to stay at the forefront of the development of digital assets as a class, ”- said Sonnenshine in an interview with the founder of Morgan Creek Digital Anthony Pompliano.

The managing director of Grayscale believes that even with the current laws, it is possible to work with digital assets, however, regulators are simply not ready to approve the launch of a Bitcoin ETF. However, the attitude of regulators towards digital assets is gradually changing.

“I think the actions of the regulators show that they want to see the market more mature. Maybe they want to see a more global order book for bitcoin, maybe they want to create joint oversight agreements, or maybe they expect clearer regulation and oversight of the various platforms and markets where digital assets are traded, ”Sonnenshine said.

Recall that in June, WisdomTree applied to launch an ETF, 5% of the investment in which will be invested in bitcoin futures on the Chicago Mercantile Exchange (CME).

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