Episode 20 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Grayscale CEO Michael Sonnenshein.
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Michael Sonnenshein is the CEO of Grayscale — the digital asset manager embattled in a court case against the Securities and Exchange Commission over the agency’s refusal to convert Grayscale’s flagship product, the Grayscale Bitcoin Trust (GBTC), into a spot Bitcoin ETF.
In this episode, Sonnenshein explains why a spot Bitcoin ETF could have shielded many U.S. market participants from the crypto ‘carnage’ of 2022, and how Grayscale’s veteran legal team is working to ensure GBTC holders receive the most favorable possible outcome.
During this episode, Chaparro and Sonnenshein also discuss:
- What will happen if Grayscale exhausts all its legal options
- Why Grayscale is waiting to lower its management fees
- How a spot Bitcoin ETF will draw more capital to crypto
This episode is brought to you by our sponsors Circle, Railgun, Flare Network
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