Crypto traders are eagerly awaiting a ruling on the Grayscale Trust vs SEC case, which may require the SEC to re-review the application for a spot Bitcoin ETF, potentially leading to a 240-day delay.
The US Court of Appeals has once again delayed its decision on whether Grayscale can convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF), causing uncertainty and leaving investors waiting for clarity.
BlackRock, the world's largest asset manager, has filed a proposal to establish a Bitcoin exchange-traded fund (ETF), which could increase mainstream acceptance of Bitcoin investing and open up new investment opportunities if approved by the U.S. Securities and Exchange Commission (SEC).
A series of Bitcoin Exchange Traded Fund (ETF) applications have been submitted to the SEC, potentially offering investors a more accessible way to invest in cryptocurrency and bridging the gap between traditional finance and digital assets.
The U.S. District of Columbia Court of Appeals will soon rule on whether the SEC wrongly rejected Grayscale Investments' application to list a bitcoin exchange-traded fund, which could impact the approval of other bitcoin ETFs.
Grayscale Investments CEO Michael Sonnenshein believes that the recent court decision in favor of Grayscale could lead to a new and unprecedented environment for cryptocurrencies, potentially expanding mainstream acceptance of digital assets and boosting the chances for other asset managers to win approval for their bitcoin products.
The Grayscale Bitcoin ETF decision is important for several reasons, as stated in an opinion piece by Daniel Kuhn from CoinDesk.
The recent court ruling regarding Grayscale Investments has brought the U.S. a step closer to having its first bitcoin exchange traded fund, leading to excitement and speculation in the cryptocurrency industry.
Grayscale has informed the SEC that there are no legal reasons left to block the conversion of its Bitcoin fund to a spot exchange-traded fund (ETF), following a court ruling against the regulator's denial of the conversion application.
A court victory for Grayscale Bitcoin Trust may lead to its transformation into an exchange-traded fund, potentially providing a profitable opportunity for investors. However, the approval of the US Securities and Exchange Commission (SEC) remains uncertain, despite a recent favorable ruling.
Grayscale, the digital asset manager, offers a range of products beyond its bitcoin trust, including trusts for ether, ether classic, zcash, and horizen, trading at significant discounts or premiums that may be of interest to investors.
Grayscale's spot bitcoin ETF review is likely to be approved, following the introduction of Europe's first spot Bitcoin exchange-traded fund, setting a precedent for the Securities and Exchange Commission to allow the conversion of the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.
The approval of a spot bitcoin ETF by the SEC could lead to the approval of a spot ether ETF as well, presenting a potentially greater opportunity for Grayscale's Ethereum Trust due to its larger discount and Ethereum's better upside as a leading platform for Web3 development.
The first day of trading for futures-based ether exchange-traded funds (ETFs) was lackluster, with low trading volume compared to previous bitcoin ETF launches. Additionally, Grayscale Investments has filed for approval to convert its Ethereum trust into a spot Ethereum ETF, aiming to offer investors regulated access to crypto. Meanwhile, former FTX exchange boss Sam Bankman-Fried is attempting to prevent certain witnesses from testifying in his fraud trial.
The recent filing for a spot Ethereum exchange-traded fund (ETF) in the United States by ARK Invest marks a turning point in the integration of digital assets into traditional finance, signaling the dawn of institutional liquid staking and the need for regulatory approval for mainstream adoption.
The SEC must appeal Grayscale's court win or review its application for a spot Bitcoin fund, with analysts suggesting possible delays but unlikely denial on new grounds, while the approval of Grayscale's application could impact other Bitcoin ETF applications.
The U.S. Securities and Exchange Commission (SEC) is expected to let the deadline run out on Grayscale Investments' application to convert its Bitcoin Trust (GBTC) to an ETF, as observers believe the agency will not contest the D.C. Circuit Court of Appeals' decision that criticized the SEC's rejection of the application, potentially paving the way for a spot bitcoin ETF.
The U.S. SEC will not appeal a court ruling that found it was wrong to reject Grayscale Investments' application to create a spot bitcoin ETF, potentially clearing the way for the agency to review the application.
The U.S. Securities and Exchange Commission (SEC) reportedly has no plans to appeal a court decision in favor of Grayscale Investments, requiring the SEC to review the firm's spot Bitcoin exchange-traded fund (ETF) application, although this does not necessarily mean the application will be approved.
The U.S. Securities and Exchange Commission (SEC) will not appeal a court ruling that directs it to reconsider Grayscale's application to launch a Bitcoin ETF, potentially opening the door for such products to be approved and allowing investors to gain exposure to Bitcoin without owning it directly.
Grayscale and the crypto industry are considering their next steps after the U.S. SEC failed to appeal a court loss over Grayscale's application for a Bitcoin Trust (GBTC) spot ETF, with Grayscale stating it remains ready to convert GBTC into an ETF upon approval.
The U.S. Securities and Exchange Commission (SEC) is exhibiting a change in attitude towards ARK Invest's application for a Bitcoin exchange-traded fund (ETF), engaging in a healthy exchange of information and potentially bringing institutional interest into Bitcoin once approved.
Summary: Grayscale has filed an application with the SEC to secure approval for its Grayscale Bitcoin Trust to operate as a spot Bitcoin ETF listed on the NYSE, while also facing a lawsuit that could complicate its listing efforts.
Grayscale Investments is on track to launch the first spot Bitcoin ETF in the U.S. after the Securities and Exchange Commission decided not to appeal a court ruling to stop the conversion of its Grayscale Bitcoin Trust to an ETF, causing GBTC stock to rise 3.3%.
The United States Court of Appeal has issued a mandate requiring Grayscale Investment's application for a Bitcoin exchange-traded fund (ETF) to be reviewed by the SEC, following the court's ruling and the SEC's failure to appeal.
The D.C. Circuit Court of Appeals has ruled that the U.S. Securities and Exchange Commission (SEC) must reverse its rejection of Grayscale's spot bitcoin ETF application, bringing the case to a close and giving the SEC the opportunity to approve or reject the application based on other grounds.
The U.S. SEC will review Grayscale's Bitcoin Trust ETF filing, while BlackRock's iShares Bitcoin Trust was listed on Nasdaq-traded ETFs, leading to significant gains in Bitcoin and other cryptocurrencies; Ethereum's price has surged and a pre-mine Ethereum wallet woke up after 8.2 years of dormancy.
Grayscale Investment's bitcoin trust (GBTC) has seen a surge in shares, rising 220% this year, and the narrowing of its discount relative to net-asset value (NAV) suggests optimism about SEC approval for the conversion of the trust into a bitcoin exchange-traded fund (ETF). This has led to a bi-legged strategy where investors buy GBTC shares while simultaneously selling BTC futures, but as the discount narrows further and the ETF conversion is approved, this strategy may be unwound, supporting bullish pressures on bitcoin.
The U.S. Securities and Exchange Commission (SEC) has multiple filings for potential bitcoin exchange-traded products under consideration, including an application from Cathie Wood's ARK Invest; approval of a spot bitcoin exchange-traded fund (ETF) could drive increased demand for the cryptocurrency.
Grayscale Investments, the world's largest crypto asset manager, is planning to launch ETFs based on digital assets, aiming to provide investors with optionality, access, transparency, and fairness in the digital asset market. The company has filed for several ETFs, including a Bitcoin ETF, and sees the ETF wrapper as a significant development for the industry. Grayscale's CEO commented that they are establishing the necessary foundations to create and manage regulated products for the future.
