Search results for: Grayscale SEC

Historic Green Light for Ethereum ETFs

In a significant shift in the cryptocurrency investment landscape, the United States Securities and Exchange Commission (SEC) has granted approval for spot Ethereum exchange-traded funds (ETFs), marking a pivotal moment months after initially greenlighting Bitcoin ETFs. This historic decision came on May 23, after a long period of minimal engagement with the applicants, signaling a […]

Crypto Community Debates Ethereum ETF Approval on Polymarkets

The U.S. Securities and Exchange Commission’s (SEC) recent approval of eight spot Ethereum ETFs has sparked a new controversy in the cryptocurrency community, particularly over the definition of “approval.” This debate has become a focal point on Polymarkets, where over $13 million was wagered on the SEC’s decision to approve a spot Ethereum ETF by […]

Spot Ether ETFs: No Staking Allowed

As issuers gear up for potential approval of spot ether (ETH) exchange-traded funds (ETFs), recent filings emphasize a clear commitment to the Securities and Exchange Commission (SEC): no involvement in staking ETH. Staking is the process of depositing ETH to help secure the Ethereum blockchain, offering yield as a return, but this will be explicitly […]

Bitcoin and Ethereum Surge Triggers Massive Short Squeeze

The cryptocurrency market has witnessed a dramatic price surge for Bitcoin and Ethereum, resulting in significant losses for short traders. According to data from CoinGlass, the past 24 hours have seen over $383 million in crypto liquidations, with shorts bearing the brunt at $297 million. This wave of liquidations affected more than 94,000 traders, with […]

Spot Ethereum ETF May Launch Sooner Than Expected

Despite the prevailing pessimism among industry observers, a spot Ethereum exchange-traded fund (ETF) could be closer to launch than anticipated, according to Coinbase, America’s largest cryptocurrency exchange. In a recent communication, Coinbase highlighted the ongoing uncertainty due to the Securities and Exchange Commission (SEC)‘s reticence but remained optimistic about the eventual approval of such a […]

U.S. Spot Bitcoin ETFs Surge Amid Positive Market Trends

In a significant financial development, U.S. spot Bitcoin ETFs have experienced a notable surge, recording a two-week high inflow of $303 million as Bitcoin’s price soared past $66,000. According to data from Farside Investors, all U.S. spot Bitcoin ETFs, with the exception of BlackRock’s iShares Bitcoin Trust (IBIT), reported inflows on May 15th. Notably, IBIT […]

Wells Fargo Dips Into Bitcoin ETFs

American banking giant Wells Fargo has recently marked its entry into the cryptocurrency sector by investing in multiple Bitcoin ETFs (Exchange-Traded Funds), according to a new regulatory filing. The move underscores the growing interest from traditional financial institutions in crypto assets. The filing with the U.S. Securities and Exchange Commission (SEC) revealed that Wells Fargo […]

Bitcoin ETFs Smash Growth Records

The cryptocurrency investment landscape has witnessed a historic milestone as the spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have shattered previous records for rapid asset accumulation. According to Bloomberg’s senior ETF analyst Eric Balchunas, these funds have amassed over $10 billion in assets under management at an unprecedented pace. BlackRock’s iShares Bitcoin Trust […]