For this week’s bonus episode, Jacquelyn interviewed Michael Sonnenshein, the CEO at Grayscale Investments.
Grayscale is a digital asset investment firm that aims to provide products and services to institutional and individual investors, it is well known for its Grayscale Bitcoin Trust (GBTC) and now, its new bitcoin spot ETF product. The company was founded in 2014 and is one of the world’s largest digital asset currency managers. The GBTC fund holds over 3% of the outstanding bitcoin supply, worth tens of billions of dollars.
The firm and its executives have made headlines in the past for their tenacious efforts to get their bitcoin spot ETF approved after it was originally denied by the U.S. Securities and Exchange Commission in June 2022 and later the D.C. Circuit Court of Appeals ruled in favor of it. And now, Grayscale’s bitcoin spot ETF was approved.
We dive into what a spot bitcoin ETF approval means for GBTC and market demand. We also discussed competition between issuers, fee structures and why regulated bitcoin exposure matters as well as what a spot bitcoin ETF could mean for the crypto space.
Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
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Whoever rules the data rules the world (w/ Tegan Kline)
Blockchain tech is working to combat AI-based deepfakes (w/ Melody Hildebrandt and Mike Blank)
Blockchain could be the answer to getting AI artists paid (w/ Dee Goens)
Looking back on the NFT marketplace Magic Eden (w/ Jack Lu)
Starbucks Odyssey’s community lead expects NFT brand building to expand this year (w/ Steve Kaczynski)
Web3 brands and NFTs are on a global race for adoption (w/ Yat Siu)
OpenSea’s CEO sees greater opportunity for NFT use cases to grow (w/ Devin Finzer)
SEC Commissioner sees a need for a new Token Safe Harbor Proposal (w/ Hester Peirce)
Read Write Own this episode with a16z’s crypto partner (w/ Chris Dixon)
Bonus Episode: Worldcoin is going on a race to billions of users “as fast” as it can (w/ Alex Blania)
Solana Mobile is just getting started (w/ Anatoly Yakovenko)
Ripple president talks XRP Ledger, SEC suits, and 2024 plans (w/ Monica Long)
All roads seem to be leading to a U.S. spot bitcoin ETF approval soon (w/ Fred Thiel)
You should join a crypto social club w/ Boys Club co-founders (re-release)
Algorand foundation CEO sees tokenization as key sector to scale crypto (w/ Staci Warden)
Robinhood’s still on a quest to make crypto mainstream (w/ Johann Kerbrat)
Crypto VC space may be on the cusp of recovery (w/ David Pakman)
Optimism is optimistic for the future of Ethereum (w/ Jing Wang and Ryan Wyatt)
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