Coinbase submitted an amicus curiae brief with the U.S. Court. The federal regulator had rejected Grayscale’s application for a Bitcoin ETF. Coinbase, the biggest cryptocurrency exchange in the United States, is supporting Grayscale, the largest Bitcoin fund, in its lawsuit against the Securities and Exchange Commission (SEC). Since the federal
Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Shares of the Grayscale Bitcoin Trust (GBTC), the biggest Bitcoin fund in the market, reached a record discount of 35.18% last Friday and showed little sign
CoinDesk’s Large Cap Select Index methodology is used to rebalance its funds. Ethereum, Bitcoin’s longtime adversary, comes in second place with 25.22 percent. Grayscale Investments, the world’s biggest digital currency asset manager, has released its newest funds for the second quarter of 2022. All of the group’s products and services
On Wednesday, the U.S. Securities and Exchange Commission (SEC) refused Grayscale’s, one of the world’s largest digital asset managers, application to convert its Grayscale Bitcoin Trust (GBTC) vehicle to a spot bitcoin exchange-traded fund (ETF) on the NYSE Arca exchange. Grayscale responded by filing a lawsuit against the decision and
Robinhood crypto trading revenues fell by 39 percent in the first quarter. Over $329 million was invested in Grayscale’s Ethereum Trust. For a long time, Robinhood’s cryptocurrency trading app only featured a limited number of coins. Now, two equity products linked to the price of crypto are accessible on the
In accordance with the 1933 Act, Valkyrie is said to have submitted this application. Michael Sonnenshein was certain that he would get a green light this time. Despite displaying some acceptance of cryptocurrencies, authorities have yet to warm up to the items that surround these digital currencies. For a long
SEC has postponed its announcement until today. The SEC has only authorized Bitcoin exchange-traded fund (ETF) applications. In order to have its Bitcoin ETF proposal approved, Grayscale is prepared to sue the SEC. According to Michael Sonnenshein, CEO of Grayscale, in an interview with Bloomberg, he was open to any
Over 450,000 GBTC shares were purchased in November 2021. The GBTC trust drew investors in at this time of back-to-back shocks to global markets. Data from Glassnode suggests that institutional investors are returning to acquire Grayscale Bitcoin Trust (GBTC) shares as the discount to the current price has increased to
At least three applications for a Bitcoin spot ETF have been denied by the SEC. On February 1, the SEC issued a public comment period on the matter. The SEC claims to have received around 200 letters on whether or not to approve the application. According to the regulators’ estimates,
Grayscale said it had added Amp (AMP) to its Grayscale DeFi Fund. The current portfolio of 15 crypto investment products totals $55 billion. When it comes to digital currencies like VeChain (VET), IOTA (MIOTA), and EOS, Grayscale Investments, the most significant crypto asset management, has stated that it is looking
