The chief executive recently discussed the market need and impending approval for a spot bitcoin ETF during an interview with CNBC, in which he also explained that much of the past concerns by the U.S.
The lens he is referring to harkens to a recent approval for the Teucrium Bitcoin Futures ETF.
According to Sonnenshein, these applications were typically denied for fear of market volatility, fraud, and manipulation.
The chief executive showcases the need for the SEC to approve a spot ETF for Bitcoin, as it would serve as the foundational base layer for bitcoin futures contracts.
“Bitcoin is now an institutional market.
The next step is what people actually want, which is a spot bitcoin ETF that gives pure exposure to bitcoin,” he added.