Metalpha Technology Holding Ltd (MATH)

[Nextbigone]

CEO of Grayscale Investments, Michael Sonnenshein, told CNBC this week, a spot Bitcoin ETF could "unlock" around "$30 trillion worth of advised wealth."

"When we look ahead to the hopeful approval for spot Bitcoin ETFs, it really is going to unlock the opportunity to a part of the investment community that for better or worse has been locked out for the opportunity to participate in having Bitcoin exposure in their portfolio," Sonnenshein said.

"We're really taking about the advised market here in the US. Which is today, about $30 trillion worth of advised wealth that we hope the approval of spot Bitcoin ETFs, the up-listing of GBTC, will allow for that opportunity and for those investors to partake in it as well."