Search results for: Grayscale SEC

Grayscale’s ETF: A Rough Patch?

Grayscale’s Bitcoin spot ETF fund is experiencing turbulent times, with investors rapidly withdrawing their stakes amidst a flurry of activity towards competing funds. Since its shift to a spot Bitcoin ETF in January, the fund has seen an unprecedented outflow, surpassing $15 billion to date, marking the largest withdrawal any ETF has faced since March […]

SEC Reviews Ethereum ETF Proposals

The U.S. Securities and Exchange Commission (SEC) is taking a significant step forward in the world of cryptocurrency investments by opening up a comment period for three proposed Ethereum exchange-traded funds (ETFs). This move represents a crucial phase in the regulatory journey for Ethereum ETFs, a development eagerly awaited by investors and the crypto community […]

Genesis Settles with SEC for $21 Million in Crypto Lending Case

Genesis, a subsidiary of the prominent crypto conglomerate Digital Currency Group (DCG), has reached a notable settlement with the Securities and Exchange Commission (SEC). The agreement entails Genesis paying a substantial $21 million civil penalty to resolve charges without admitting or denying any allegations leveled against it. The genesis of this settlement lies in the […]

Grayscale’s Strategic Move with Bitcoin Mini ETF

Grayscale is set to revolutionize the cryptocurrency investment landscape once again with its latest venture, the Grayscale Bitcoin Mini Trust (BTC). This innovative ETF product aims to rejuvenate the Grayscale Bitcoin Trust (GBTC) after a challenging period marked by significant outflows. The S-1 statement filed reveals that the BTC will serve as a “Spin-Off” from […]

SEC’s Legal Battles Hinder Crypto Innovation, Argues Commissioner Peirce

Hester Peirce, the U.S. Securities and Exchange Commission (SEC) commissioner known for her pro-crypto stance, launched a pointed critique of the agency’s current approach to regulating digital assets during her keynote address at ETHDenver. In a speech that resonated with the crypto-focused audience, Peirce condemned the SEC’s “enforcement-only mode,” arguing that it stifles innovation and […]

Senator Warren Challenges SEC Over Bitcoin ETF Approval

U.S. Senator Elizabeth Warren has voiced strong criticism against the Securities and Exchange Commission (SEC) for its recent approval of spot Bitcoin ETFs, including those from BlackRock, Grayscale, and Ark Invest. Warren’s critique highlights ongoing concerns about the integration of cryptocurrency into the mainstream financial system and the need for robust regulatory measures. Warren’s Stance […]

SEC Accelerates Approval for 11 Bitcoin ETFs, Ushering in a New Era

The U.S. Securities and Exchange Commission (SEC) has approved proposals for 11 spot bitcoin ETFs, signaling a significant shift in the regulatory landscape and opening new doors for cryptocurrency investments. This accelerated approval process marks a turning point for Bitcoin, elevating it to a more mainstream and regulated investment avenue. The SEC’s nod to these […]

Grayscale’s ETF Plans: A Strategic Play or Regulatory Dance?

Grayscale, a heavyweight in the cryptocurrency asset management sphere, recently took a somewhat unorthodox step in its pursuit of a Bitcoin exchange-traded fund (ETF). In its latest amendment to the United States Securities Exchange Commission (SEC), Grayscale omitted a crucial component: the details of its authorized participants, who play a pivotal role in creating and […]