Grayscale CEO: Bitcoin ETF Is The ‘Lowest Hanging Fruit’ For Regulators

Grayscale chief executive officer Michael Sonnenshein said on Thursday a spot Bitcoin ETF is the lowest hanging fruit in terms of regulatory efforts to ease the environment in the crypto market. He made the statement to counter Circle CEO Jeremy Allaire’s views that the stablecoin legislation would be the easiest and fundamental thing to do for regulators.