Grayscale’s War With The SEC Could Bring Billions Into Crypto | Michael Sonnenshein, Grayscale's CEO

On March 7 Grayscale will contest the SEC’s decision to deny the conversion of its GBTC to an ETF. If Grayscale wins, it will mean we will finally have a Bitcoin spot ETF and it will also potentially lead to a surge of investment into Bitcoin and cryptocurrency markets. I talked to Michael Sonnenshein, CEO Of Grayscale Investments, about GBTC, SEC, what the conversion will mean to crypto and GBTC investors, the Genesis bankruptcy and effect of FTX, and of course the crypto regulation. Michael Sonnenshein: https://twitter.com/Sonnenshein Grayscale: https://grayscale.com/ ►► JOIN THE FREE WOLF DEN NEWSLETTER https://thewolfden.substack.com/ ►►NORD VPN An essential crypto product to protect your privacy and keep your crypto safe! Sign up on my link below & enjoy the benefits of NORD VPN from just $4 a month. 👉https://nordvpn.com/WolfOfAllStreets GET UP TO A $8,000 BONUS IN USDT AND TRADE ALL SPOT PAIRS ON BITGET FOR ZERO FEES! ►► https://thewolfofallstreets.info/bitget Follow Scott Melker: Twitter: https://twitter.com/scottmelker Facebook: https://www.facebook.com/wolfofallstreets Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #trading Timestamps: 0:00 Intro 0:47 How does GBTC operate 3:09 GBTC vs ETF 7:45 Why Futures ETF was approved while spot ETF was not 12:34 GBTC investors would benefit from ETF conversion 15:47 Regulation 22:40 Is contagion over? 25:00 Genesis bankruptcy 27:45 SEC case 28:33 Can crypto companies work with SEC? 30:50 Seeking non-regulated jurisdictions 33:20 Ideal path for the US to be a tech leader 36:20 Will ETF unlock a massive audience? 39:24 What excites Michael in crypto 43:27 Wrap up The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment. Learn more about your ad choices. Visit megaphone.fm/adchoices