Ad During the first appeal hearing for Grayscale’s Bitcoin spot ETF, judges raised concerns about the SEC’s reasoning, stating that the SEC had not sufficiently explained why Grayscale’s arguments wer...
Tag: Grayscales
Grayscale’s Sonnenshein left ‘encouraged’ after hearing in SEC case
Grayscale Chief Executive Officer Michael Sonnenshein is optimistic following a hearing over the Securities and Exchange Commission’s rejection of his firm’s application for a spot bitcoin...
US Court Questions SEC’s Rejection Of Grayscale’s Bitcoin Fund
The judges at the US Federal Appellate Court questioned the Securities and Exchange Commission’s stance regarding the decision to reject Grayscale Investment’s application for a spot bitcoin exchange-...
Algorand MyAlgo thefts continue; Grayscale’s ETF case proceeds
Ad The biggest news in the cryptoverse for March 7 saw Algorand face criticism over its insufficient response to a third-party wallet breach. Meanwhile, Grayscale defended its rejected Bitcoin ETF con...
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF
The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s concerns about manipulation are literally inconsistent – and possibly in violation of the Administr...
GBTC Discount Collapses Due to Grayscale’s Unexpected Court Success
Alex Dovbnya The Grayscale Bitcoin Trust (GBTC) discount collapsed in value after oral arguments presented in federal court on Tuesday appeared to side with Grayscale in their legal fight against the ...
Grayscale’s GBTC Discount Narrows As Judges Grill SEC Moves
Grayscale Bitcoin Trust (GBTC): The attorneys representing the U.S. Securities and Exchange Commission’s (SEC) in the Grayscale lawsuit faced tough questions from the judges. The primary discussion on...
Judges question SEC’s logic during Grayscale’s first Bitcoin spot ETF appeal hearing
Ad Federal appellate court judges questioned the SEC’s arguments during the first appeals hearing on March 7 and asked the regulator’s lawyer what more Grayscale Investments needs to offer to satisfy ...
Grayscale Vs SEC: Grayscale’s Appeal Against SEC Ruling Takes Center Stage in US Appeals Court Today
Grayscale Investments, a digital currency asset manager, has been in a legal battle with the US Securities and Exchange Commission (SEC) over its proposed bitcoin exchange-traded fund (ETF) for severa...
US appeals court to hear Grayscale’s arguments against SEC ruling starting today
Ad The U.S. District Court of Appeals is set to hear Grayscale’s arguments against the SEC’s ruling to reject its spot Bitcoin ETF application in a few hours — the session will be streamed live. The S...
Grayscale’s day in court is nearly here, but a major decision could take time
Grayscale is set to present oral arguments in its case against the U.S. Securities and Exchange Commission on Tuesday. The asset manager brought the case against the regulator for rejecting its ...
GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday
Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price cont...
What Grayscale’s CEO feels about the SEC lawsuit
Grayscale CEO expects a decision in the lawsuit against the SEC by the fall of 2023. Oral arguments for the lawsuit will begin on 7 March. On 24 February, Michael Sonnenshein, the CEO of Grayscale Inv...
Grayscale’s Bitcoin Trust Discount Broadens to Near-Record High
Grayscale’s GBTC discount has recently widened to a near-record high, sending shockwaves through the cryptocurrency market. This discount refers to the difference between the price of GBTC shares and...
Lawyer Predicts Grayscale’s Win Against The SEC In Supreme Court
Grayscale Investments, a crypto asset management company, is preparing for a prolonged legal battle with the Securities and Exchange Commission over the creation of a spot bitcoin exchange-traded fund...
Court to hear oral arguments in Grayscale’s lawsuit against the SEC in March
A United States appeals court is set to hear the oral arguments relating to Grayscale Investment’s lawsuit against the Securities and Exchange Commission (SEC) over its decision to deny Grayscale’s Bi...
Cathie Wood’s ARKW Holdings is Bullish on Coinbase But Hawkish on Grayscale’s GBTC
Cathie Wood’s ARKW Next Generation Internet ETF has made a series of purchases on Coinbase Global Inc. shares in the past two months and kept a hold position on Grayscale Bitcoin Trust (GBTC). Accordi...
Will Genesis Bankruptcy Spell Disaster for Grayscale’s GBTC and DCG?
The cryptocurrency lending platform, Genesis Global Capital, which is owned and operated by Digital Currency Group, has filed for bankruptcy. This raises concerns about the potential impact on other ...
Grayscale’s Response to A Brief by The SEC
Grayscale — crypto hedge fund, replied to the Securities and Exchange Commision (SEC) in its latest filing in which its lawsuit challenged the SEC’s decision to deny its application to convert GBTC to...
Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets – Bitcoin News
Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able ...
Grayscale’s Legal Debacle: Will The SEC Approve A Spot Bitcoin ETF?
Asset management firm Grayscale shall submit its latest brief in the ongoing case with the United States Securities and Exchange Commission (SEC), according to a tweet from chief legal officer Craig S...
These Altcoins Are At Risk as Fear Of Grayscale’s Liquidation Gets Stronger
The Digital Currency Group (DCG) has come under scrutiny after Zhu Su, the founder of Three Arrows Capital, accused DCG and FTX of causing the decline of Terra (LUNA) and STETH and ignoring the issue ...
Valkyrie Unveils Proposal for Grayscale’s Troubled Bitcoin Trust (GBTC)
(Bloomberg) — Valkyrie Investments is out with a proposal for a much larger rival product: to become the new sponsor and manager of the crypto industry’s largest fund, the Grayscale Bitcoin trus...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens – Bitcoin News
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for...
Valkyrie Submits Proposal To Manage Grayscale’s Bitcoin Trust
Crypto Assets Manager Valkyrie Investments has unveiled a proposal to become the sponsor and manager of the Grayscale Bitcoin Trust. The Grayscale Bitcoin Trust (GBTC) is the world’s largest Bitcoin ...
Valkyrie aims to rescue Grayscale’s Bitcoin Trust
Valkyrie Investments announced in a Dec. 28 statement that it has submitted a proposal to become the sponsor and manager of Grayscale’s Bitcoin Trust. Grayscale BTC (GBTC) is among the largest Bitcoin...
Valkyrie wants to ‘manage and sponsor’ Grayscale’s GBTC
Valkyrie Investments said it has a proposal for Digital Currency Group’s struggling Grayscale Bitcoin Trust and that it’s ready to become a “sponsor and manager” of the fund. “...
Grayscale’s GBTC’s beating this year very likely to persist
Grayscale’s flagship product, the Grayscale Bitcoin Trust (GBTC), grabbed headlines throughout the year — typically for the wrong reasons. Grayscale foresees a limited possibility of relief over...
Investors Grow Concerned About Grayscale’s Bitcoin Trust
Investors in Grayscale’s Bitcoin Trust worry that the company’s closed-ended product will harm clients as the discount between GBTC and the net asset value (NAV) of Grayscale’s Bitcoin holdings widens...
Bitcoin, crypto prices higher, Grayscale’s GBTC discount to NAV narrows
Crypto prices rose marginally and most crypto-related stocks were lower shortly after the open. Bitcoin was trading at around $16,800 at 9 a.m. EST, up 0.6% over the past 24 hours, according to...
Grayscale’s Discount Almost Reaches 50%, 1 BTC Exposure Now Costs $8,400
The exposure price via one of the biggest trusts on the market has dropped to a yet unseen low. The unimaginable 50% discount to NAV is a new record we have never before witnessed. According to Ychart...
Grayscale’s Bitcoin ETF Dreams On Limbo? CEO Claims To Do This If It Fails
Grasyscale Investments said that if it fails to turn the world’s biggest Bitcoin fund into an exchange traded fund, it will find other ways to return the portions of investors of Grayscale Bitcoin Tru...