Grayscale enters the European cryptocurrency market – Bits Media

Grayscale investment company management reports, that against the backdrop of the expansion of the digital assets market, he considers the opportunity to offer their services to European crypto -investors.

GRAYSCALE Director General Michael Sonnenshain (Michael Sonnenhein) considers, that European The market has turned into a competitive space, where issuers introduce investment tools to satisfy growing demand. The businessman admitted, that Grayscale wants to get its part of the market.

The head of the company spoke about meetings with several local partners in the region to discuss the schedule of entering the market. At the same time, Sonnenshain did not specify, What exchanges or European countries of Europe the investment company wants to use to offer its products.

Sonnenshain also did not share information about that, What proposals the company intends to launch first of all. The head of Grayscale noted, what, Although the European Union is a single, Grayscale considers the EU market as consisting of several markets of individual countries and regions.

“We will be very thoughtfully and methodically relate to each of the financial centers, which will launch, because we recognize the differences in the behavior of investors, as well as in regulation modes ", - explained to Sonnenshain the strategy of the company.

The businessman made his statement after that, how the company made a new attempt to receive the approval of the securities and exchanges commission (SEC) to transform Bitcoin Grayscale Trust (about about about $40 billion) In ETF. It is worth noting, that US regulators are now considering the issue of, Should the spotal eTF be approved on bitcoin. Therefore, the study of exchange funds for derivatives, associated with cryptocurrency, Set aside for July 2022 of the year.