....."The same way bitcoin futures ETFs and spot bitcoin ETFs should (and now are) treated the same, so too should listed options on these products.” _says Michael Sonnhenshein, haven't argued that options will support Bitcoin’s price discovery, and help investors navigate crypto’s unique market conditions in creative ways.

GRAYSCALE’S INFLUENCE ON BITCOIN SPOT ETFS

#GrayscaleTrust #ETFsApproval @Storex #Write2Earn

Bitcoin spot ETFs were approved over two years after their futures counterparts. Previously, the SEC favored futures-based ETFs for hypothetically being more resistant to market manipulation than the Bitcoin spot market.

The SEC was forced to abandon this position after a decisive court loss to Grayscale last year. At the time, three judges ruled that the agency’s differential treatment of such similar products was “arbitrary and capricious.”

SEC chair Gary Gensler has made clear that while the agency now approves both products, it still does not endorse Bitcoin.

“Bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing,” wrote Gensler in his approval statement last month.