In an appearance on CNBC today, the CEO of Grayscale Investments, Michael Sonnenshein, shared insights regarding the potential impact of a spot Bitcoin Exchange-Traded Fund (ETF) on the cryptocurrency market. Sonnenshein highlighted that a spot Bitcoin ETF could “unlock” around “$30 trillion worth of advised wealth.”

Sonnenshein discussed the significance of introducing a spot Bitcoin ETF in the United States, emphasizing the vast pool of wealth held within advised assets and the substantial opportunity a regulated Bitcoin ETF could present to tap into these resources.

“When we look ahead to the hopeful approval for spot Bitcoin ETFs, it really is going to unlock the opportunity to a part…

Read more on BitcoinMagazine