That’s according to Grayscale’s Chief Executive Officer Michael Sonnenshein, who says the US Securities and Exchange Commission should bless multiple spot-Bitcoin ETFs at once.

“I think that the SEC should and does, in fact, want to create an even playing field,” he said in an interview with Bloomberg TV on Monday. “We’ve publicly been advocates of the fact that when the commission is ready to give the requisite approvals for spot products to come to market, that it should be done all at once — the issuers who are operationally ready to launch their products should come out the gate all at once.”

He added that Grayscale is ready to list GBTC, as the company’s product is known, and he re-committed to lowering its fee once it starts trading as an ETF. The trust currently carries a 2% expense ratio.

Grayscale had earlier this year won a pivotal ruling against the SEC as it attempts to convert its trust into an ETF. However, analysts and market-watchers are now trying to decipher which companies — out of the more than 10 trying to get a spot-Bitcoin ETF debuted — will get to put their products out first, given that they could have first-mover advantages in terms of attracting investor interest and cash.

“It would put them in a terrible spot if they were to disadvantage the hundreds of thousands of investors in GBTC thinking about other products coming to market before it,” Sonnenshein said of the idea that the SEC might not allow it to launch its ETF at the same time as others would be able to.