Also, other Bitcoin Futures ETFs approved over the last year were approved under the Investment Company Act of 1940.
“It really is, a matter of when and not if” there is a Bitcoin spot ETF, Sonnenshein said.
In a 29 March Bloomberg interview, Grayscale‘s CEO opined that his company would consider suing the SEC if it did not approve its Bitcoin spot ETF.
Grayscale had filed for converting its Grayscale Bitcoin Trust to a spot Bitcoin ETF filed in October 2021.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.