Grayscale

Crypto asset manager Grayscale held a meeting with the Securities and Exchange Commission (SEC) regarding the conversion of its flagship fund – the Grayscale Bitcoin Trust (GBTC) – into a spot Bitcoin exchange-traded fund (ETF). A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, ETF head Dave LaValle, legal chief Craig Salm, and four […]

Bankrupt crypto exchange FTX and its debtors have requested the US bankruptcy court of Delaware to approve the sale of some trust assets, including funds from Bitwise and Grayscale, with an estimated value of $744 million. The proposed sale would be facilitated through an investment adviser, per a court document submitted on November 3. These […]

In a bold prediction, Mike Novogratz, the CEO and founder of Galaxy Digital, anticipates that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) within the year. Novogratz’s optimism stems from the changing tide in the SEC’s stance towards crypto ETFs. During an interview on CNBC Market Alert, […]

On Monday, the cryptocurrency market experienced significant turbulence as Bitcoin surged before relinquishing most of its gains. The volatility was triggered by conflicting reports regarding approving a Bitcoin exchange-traded fund (ETF) filed by major asset manager BlackRock. The Rollercoaster Ride of Bitcoin’s Price Bitcoin, known for its price swings, initially rose by 10% to $29,900, […]

The United States Securities and Exchange Commission (SEC) has reportedly chosen not to appeal the recent court decision that favored Grayscale Investments. This significant ruling mandates the SEC to undergo a thorough review of the firm’s spot Bitcoin exchange-traded fund (ETF) application. Per a report from Reuters on October 13, an inside source confirmed the […]

Grayscale Inve­stments has reportedly made­ a second request for an e­xchange-traded fund (ETF) focused on Ethereum futures. This ETF aims to track the value of Ethereum Futures contracts. The inve­stment firm had previously applied for an Ethe­reum futures ETF. Howeve­r, there is a noticeable­ difference in how this application was file­d. According to a recent […]

As Bitcoin’s rally gains focus, analysts contribute diverse optimistic forecasts for the primary cryptocurrency amid heightened attention. IntoTheBlock, a prominent analytics platform, has thrown its weight behind Bitcoin’s resurgence, citing Grayscale’s triumph over a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The next focal point on Bitcoin’s journey? Bitcoin is back in […]

A three-judge panel of the District of Columbia Circuit handed Grayscale a major victory against the United States SEC in a lawsuit over the conversion of Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Earlier, the financial regulator rejected the GBTC application, saying the product was not designed to prevent manipulative and fraudulent acts […]

U.S. actions are feared by influential crypto figures to deter cryptocurrency firms, hampering business and growth in the country. Prominent figures criticize President Biden’s new crypto tax reporting regulations. Crypto community expresses concerns over proposed tax rules by Biden administration. Furthermore, the Inte­rnal Revenue Se­rvice (IRS) proposed new rule­s on August 25 to catch cryptocurrency […]