Grayscale Says SEC Should Allow Multiple Bitcoin ETFs at Once

Investors of the Grayscale Bitcoin Trust would be hugely disadvantaged should US regulators not allow it to convert into a spot ETF at the same time that other applicants get the green light to list their products.

That’s according to Grayscale’s Chief Executive Officer Michael Sonnenshein, who says the US Securities and Exchange Commission should bless multiple spot-Bitcoin ETFs at once.

“I think that the SEC should and does, in fact, want to create an even playing field,” he said in an interview with Bloomberg TV on Monday. “We’ve publicly been advocates of the fact that when the commission ...