TechFlow news, Grayscale CEO Michael Sonnenshein said the U.S. Securities and Exchange Commission (SEC) should approve multiple spot Bitcoin ETFs simultaneously to ensure a level playing field.
If the SEC does not allow Grayscale's Bitcoin Trust (GBTC) to convert into a spot Bitcoin ETF while approving other applicants' spot Bitcoin ETFs, it would put GBTC investors at a disadvantage.
He emphasized that Grayscale is ready to list GBTC and reiterated its commitment to reduce fees to 2% of current levels once GBTC begins trading as an ETF.
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