GBTC - Grayscale CEO Pushes For Spot Bitcoin ETF Options Approval: 'We'll See More Crypto ETFs In Next 3-5 Years' | Benzinga
Grayscale CEO Michael Sonnenshein on Tuesday made a public call for the approval of spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) options, emphasizing the importance of developing a robust market for these options.
What Happened: In a post shared on X, formerly Twitter, Sonnenshein expressed his views, stating, "… I think it’s never been more important … to advocate for the development of a robust listed options market for spot Bitcoin ETFs."
He pointed out that while Grayscale's GBTC (OTC: GBTC) has been publicly available since 2015, it lacked listed options due to the limitations of the over-the-counter Market.
Sonnenshein also argued for equal treatment of similar financial products.
He wrote, "The same way bitcoin futures ETFs and spot bitcoin ETFs should (and now are) treated the same, so too should ...