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.
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).
The US Court of Appeals has once again postponed a decision on Grayscale's Spot Bitcoin ETF case, causing confusion within the community, with the verdict now expected on August 29th; analysts believe that the approval of the Bitcoin ETF could bring in new investors and boost the prices of Bitcoin and other cryptocurrencies.
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.
The Grayscale Bitcoin Trust (GBTC) may eliminate its BTC price discount by 2024, as a court victory and potential conversion to a Bitcoin spot price exchange-traded fund could restore the GBTC premium. Additionally, Bitcoin's price is testing crucial support levels, including the 200-week and 200-day moving averages, which could influence its future direction.
Bitcoin led the cryptocurrency market higher following Grayscale's victory in the lawsuit against the SEC, but analysts caution that the victory does not guarantee the approval of a spot Bitcoin ETF.
Grayscale CEO Michael Sonnenshein celebrates the court victory over the SEC and anticipates converting Grayscale Bitcoin Trust into a Bitcoin ETF, potentially boosting crypto markets with billions in liquidity.
Former SEC chair Jay Clayton believes that the approval of spot Bitcoin exchange-traded funds (ETFs) is inevitable, as major financial institutions backing BTC investment vehicles represent a shift in how retail investors can access crypto. The SEC has 45 days to approve, deny, or delay ETF applications from 7 major firms.
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 Advisors has filed for a new Ethereum futures exchange-traded fund (ETF) with the SEC, proposing to list and trade shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the NYSE Arca Rule 8.200-E.
Four members of the United States Congress are urging SEC Chair Gary Gensler to approve the listing of spot Bitcoin exchange-traded funds (ETFs) immediately, claiming that the SEC is discriminating against such products despite legal precedent. They argue that spot BTC ETFs would provide increased investor protection and transparency.
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 US Securities and Exchange Commission has further delayed its review of applications for the first Bitcoin exchange-traded fund (ETF) from BlackRock, Invesco, and others, despite having until mid-October to make a decision.
Spot Bitcoin ETFs are poised to be approved by the U.S. Securities and Exchange Commission, which would streamline institutional adoption of digital assets in the country and bring in fresh capital, as traditional financial institutions like BlackRock, Fidelity, and VanEck apply for spot Bitcoin ETF listings.
Grayscale Investments seeks approval from the SEC to convert its Ethereum investment product into an exchange-traded fund (ETF), aiming to bring Ethereum further into the U.S. regulatory framework.
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 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 SEC's decision not to appeal a court ruling rejecting Grayscale's application to convert its bitcoin trust into an ETF increases the likelihood of the first bitcoin ETF being launched in the US, potentially eliminating the discount in Grayscale Bitcoin Trust (GBTC) and causing BTC's price to surge above $27,000.
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's Bitcoin Trust (GBTC) is experiencing its lowest discount in nearly two years as investors anticipate the approval of spot Bitcoin ETFs by the SEC.
The GBTC discount, a widely tracked crypto market indicator, has reached its lowest level in 22 months, suggesting increased optimism for Grayscale's conversion of its bitcoin trust into an open-ended spot-based ETF.
The GBTC discount reached its lowest level in 22 months, suggesting increased optimism that Grayscale will be able to convert its bitcoin trust into an exchange-traded fund (ETF) after the SEC decided not to appeal a court's decision to set aside its rejection.
Grayscale Investments has filed a new registration statement with the SEC for a spot Bitcoin ETF, as part of its ongoing efforts to convert its Grayscale Bitcoin Trust into an ETF.
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.
Coinbase's chief legal officer is optimistic that bitcoin spot exchange-traded fund (ETF) applications will be approved by the U.S. Securities and Exchange Commission, potentially boosting the price of bitcoin and benefiting crypto-linked stocks.
