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
The “metaverse” component of Web3 gives consumers total control over their data. The $43 billion digital asset manager created the Grayscale DeFi Fund. Michael Sonnenshein feels this fast-evolving business is still in its early stages even though the entire market valuation of cryptocurrencies surged from about $800 billion to over
The U.S SEC maintains the same strong opposition for BTC ETF . Unofficially it seems the BTC ETF for Grayscale and Bitwise will get rejected. The official approval or disapproval will be out in February, 2022. It seems the United States Securities and Exchange Commission (SEC) will always be in
Grayscale’s AUM was $41.5 billion as of Oct. 1. The rebalance shows how the crypto market values Solana. Grayscale Investments revealed the quarterly rebalance of its two diversified portfolios, the large-cap fund, and the DeFi fund. They are Uniswap and Solana. This is the first time Solana (SOL) has been featured
Bitcoin (BTC) fails in surpassing $50K amidst recent surfacing back. Many factors prevail as major reasons for BTC plunging down. Three major factors altogether play vital for BTC price downfall. After suffering immensely upon the crypto market crash, Bitcoin (BTC) surged back evidently. During this full period till last BTC
Only one day ago, the price of Ethereum was able to raise over $3k. In the last week, the value of the most significant alt in the market has increased by 21%. It was expressly worth $3142.86 at the press time. The recent increase in crypto prices has reinforced institutional
