According to The Block, Grayscale Investments CEO Michael Sonnenshein said he was optimistic after communicating with the SEC about the spot Bitcoin ETF. He said: "We are optimistic and have been actively engaging with the SEC. The feedback we have received from them shows that the SEC wants to participate in resolving this issue and is eager to make progress on this issue."
Sonnenshein added that a timeline for approval has not yet been announced.
