After two delays for Grayscale’s Bitcoin ETF by the SEC, its CEO said they’re ready for a legal battle if the application is rejected in July.
Grayscale CEO Michael Sonnenshein said the firm is gearing up for a legal fight if Grayscale’s Bitcoin Spot ETF product is denied by the United States Securities and Exchange Commission .with Bloomberg on Tuesday, March 29, Sonnenshein was asked if he would consider the Administrative Procedure Act lawsuit option if the application for its Bitcoin Spot ETF was denied by the financial regulator.
“I think all options are on the table,” he responded, highlighting the importance of continuing to advocate for investors. The next decision date for the approval or denial of the investment product is July 6, 2022, it was“The Grayscale team has been putting the full resources of our firm behind converting GBTC, our flagship fund, into an ETF. It’s really important that investors know that we have and will continue to advocate for them.
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