Grayscale CEO gives take on crypto market pullback
Michael Sonnesnshein shares a positive view of the state of the crypto markets, regardless of recent sell-offs.

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US financial watchdog delayed decisions on the two ETFs that would allow more direct exposure to Bitcoin until early February.
“While big banks continue to grapple with how to engage with Bitcoin, mainstream adoption has arrived,” according to Grayscale’s latest Bitcoin Investor Study.
The new investment vehicle follows similar Grayscale products that offer exposure to single-assets, including Bitcoin, Ethereum, Chainlink.
Grayscale sent a letter to the SEC, arguing that the agency’s discrimination against Bitcoin spot ETFs is in violation of the Administrative Procedure Act (APA).
Grayscale in a new report has said that the metaverse has an economic potential of over $1 trillion.
The crypto behemoth is now valued at over $10 billion and has businesses ranging from crypto lending to media.