Grayscale and Bitwise Confident a Spot Bitcoin ETF Will Be Approved Soon

Investment firms Grayscale and digital assets management company Bitwise said they were optimistic that a spot Bitcoin ETF would finally be approved by the SEC soon at Consensus 2022. Grayscale’s proposal to convert its Bitcoin fund GBTC to a spot Bitcoin ETF is going through a public comment period with the deadline for the SEC’s decision coming on July 6th. David LaValle, global head of ETFs at Grayscale, said that, "It's not that long ago that there really was a question of if this was going to happen, and now it's clearly a question of when it's going to happen."