Grayscale CEO: Bitcoin ETF is the 'Lowest-Hanging Fruit' for Regulators

The chief executive of Grayscale, the world’s largest digital asset manager, has said that a Bitcoin exchange-traded fund (ETF) is the “lowest-hanging fruit” for regulatory bodies in terms of crypto adoption.

Speaking in a keynote address to the Invest: Asia conference on Monday, Michael Sonnenshein discussed the potential for a Bitcoin ETF to open up access to investors who prefer traditional investments.

He said that given its popularity and strong performance, “it’s a natural point for regulators to gravitate towards.”

"From our perspective, it's low hanging fruit," he added. "It's something that we believe opens up opportunities for people who are more comfortable right now investing other traditional assets."

Sonnenshein also emphasized that although Grayscale has been one of the most active companies pushing for an ETF approval from the US Securities and Exchange Commission (SEC), the company is prepared to accept whatever decision that comes out.

"If it happens tomorrow or if it happens in 2025, it doesn't really matter. What we want to focus on is continuing to provide access and what's best across different channels," he added.

"We understand investors come from all walks of life and some prefer traditional vehicles, so we want to make sure we're creating opportunities where possible."