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/

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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.