According to an interview on July 15, Michael Sonnenshein, CEO of Grayscale Investments, explained to Morgan Creek Digital co-founder Anthony Pompliano about the Bitcoin ETF.
He added: “Regulators have done a fantastic job, staying one step ahead, across the entire digital asset class.”
This is an episode of The Pomp Podcast. Naturally, with host Anthony “Pomp” Pompliano and guest, Michael Sonnenshein, the world’s largest digital currency asset manager.
During the conversation, they discuss Grayscale’s second quarter results and whether the Bitcoin ETF is just a matter of time. They also answer where the capital inflows come from, why investors are turning to digital assets, how Grayscale thinks about premiums, and whether Grayscale will end up keeping all the Bitcoin mined.
Bitcoin ETF attempts failed
A Bitcoin ETF, which allows investors and traders to access Bitcoin in major financial markets, has bypassed the crypto world on several occasions in recent years. It should be noted that the United States Securities and Exchange Commission (SEC) has denied several attempts at such a product.
Furthermore, Sonnenshein added some examples: “Things like perhaps a more global Bitcoin order portfolio, perhaps things like trade monitoring deals, perhaps a little more regulation and monitoring over different markets and places where assets are digitally traded” .
In fact, some of the reasons that led the SEC to reject previous applications for a Bitcoin ETF, include the lack of evidence against market manipulation and confirmation of the size of the Bitcoin market, among other criticisms.