Grayscale CEO Michael Sonnenshein discusses the recent appeals court ruling. He notes that the SEC failed to fully explain its reasoning when denying product and the SEC should review its decision. He talks about the outlook for a Spot Bitcoin ETF. He goes over how a Spot Bitcoin ETF would impact cryptocurrencies. Grayscale’s letter to the SEC stated, “we hope you will agree that the best use of resources now if for the (SEC) to issue an order approving NYSE Arca’s rule 19B-4 filing…” Tune in to find out more cryptocurrency and the stock market today.
Morning Trade Live
08 Sep 2023
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