On The Brink with Castle Island cover image

Michael Sonnenshein and Craig Salm (Grayscale) on the GBTC ETF Application and Market Commentary (EP.302)

On The Brink with Castle Island

CHAPTER

Is the C C Is Doing a Power Grab for Oversight on the Crypto Spot Market?

I think it's great what you guys have done in terms of set this up and t be a lot more vocal about it. Mean, from where i sit, it's a little bit hard to kind of rationalize the s cs posture here. The c c has this mandate around investor protections. This is a clearly inferior instrument than a spot product. There is tracking error there. And so the functioning of the spot market, they seem to be comfortable enough for the future's contract.

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