Grayscale Craig Salm is Optimistic About Incoming Bitcoin ETF!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 18, 2023 21:55

Grayscale Investments’ Chief Legal Officer, Craig Salm, believes that a spot bitcoin exchange-traded fund (ETF) is a matter of when and not if, following the SEC’s decision not to appeal an August court ruling ordering it to reconsider Grayscale’s GBTC fund into a spot bitcoin ETF. Salm said the firm has been spending a lot of time in Washington as lawmakers consider two bills to regulate cryptocurrencies. However, a decision not to appeal does not necessarily mean that the regulator plans to approve a spot bitcoin ETF. On Monday, rumors of SEC approval caused bitcoin to surge towards $30,000.