Grayscale CEO: Spot Bitcoin ETF Is A Matter Of When, Not If Today

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The listing of a spot bitcoin exchange-traded fund (ETF) in the U.S. is only a matter of time, said Grayscale Investments CEO Michael Sonnenshein.

The chief executive recently discussed the market need and impending approval for a spot bitcoin ETF during an interview with CNBC, in which he also explained that much of the past concerns by the U.S. Securities and Exchange Commission (SEC) that resulted in Grayscale spot ETF applications being denied are now irrelevant.

“It really is, in our opinion, a matter of when and not if” the SEC approves a spot bitcoin ETF, Sonnenshein said.