Search results for: Grayscale SEC

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 […]

Hashdex Awaits SEC Nod for Bitcoin ETF, Taps BitGo as Custodian

The race for the U.S.’s first spot bitcoin exchange-traded fund (ETF) continues, with Hashdex emerging as a key player. The company recently amended its S-1 filing, making a strategic move by naming BitGo as its bitcoin custodian. This decision marks a departure from the norm, as most applicants have preferred partnerships with prominent crypto exchanges […]

Barry Silbert Departs from Grayscale Amid ETF Anticipation

As the crypto industry eagerly anticipates the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs, Grayscale Investments navigates a significant transition. Barry Silbert, founder of Digital Currency Group (DCG), has stepped down from his role as chairman of Grayscale’s board, heralding a new era for the digital asset management firm. The recent […]

SEC Chair Gensler Open to FTX Relaunch Under Legal Compliance, Eyeing Potential Acquisition by Tom Farley

Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), has expressed openness to the idea of the cryptocurrency exchange FTX being rebooted under new leadership, provided it operates within legal frameworks. This statement comes amid rumors about Tom Farley, the ex-president of the New York Stock Exchange and current CEO of the […]

Grayscale Chainlink Trust’s Surge to 200% Premium Signals Soaring Institutional Interest in LINK

The Grayscale Chainlink Trust, a regulated investment vehicle for U.S. investors seeking exposure to Chainlink’s LINK tokens, has seen its premium soar to an unprecedented 200%, a clear indicator of surging institutional demand for LINK. In the last week alone, the price of the Grayscale Chainlink Trust (GLNK) shares has skyrocketed, nearly doubling from $21 […]

Grayscale’s Bitcoin ETF: A Milestone Moment in Crypto’s Mainstream Journey

In a groundbreaking move for the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) has signaled its acceptance of Grayscale’s transformation of its GBTC product into a spot Bitcoin ETF. This decision, announced on Friday, October 13, marks a significant shift in the regulatory landscape and could potentially reshape the future of cryptocurrency investments. […]