Empire

The Bitcoin ETF: What Everyone Missed | Michael Sonnenshein, Grayscale CEO

Jan 16, 2024
Michael Sonnenshein, CEO of Grayscale Investments, joins to discuss the approval of a Bitcoin spot ETF, the fee war between issuers, Grayscales place in the market, potential for an Ethereum ETF, and crypto assets in mainstream finance.
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INSIGHT

Grayscale's Preparedness

  • Grayscale CEO, Michael Sonnenshein, was prepared for Bitcoin ETF approval.
  • Their team focused on operational readiness and anticipated the market's volatility.
INSIGHT

Fee Wars and Investor Choice

  • Grayscale anticipated competition and a fee war upon Bitcoin ETF approval.
  • They believe investor choice is crucial and fees aren't the sole deciding factor.
INSIGHT

Product Innovation

  • Spot Bitcoin ETF approval allows for further product innovation in crypto.
  • Grayscale filed for a Bitcoin trust covered call ETF, showcasing this innovation.
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