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Major cryptocurrency investment firm Grayscale has filed a new application with the Securities and Exchange Commission (SEC) for a new spot Bitcoin (BTC) exchange-traded fund (ETF).Grayscale on Oct. 19 submitted an S-3 form registration statement with the SEC intending to list the shares of Grayscale Bitcoin Trust on the New
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While bitcoin today jumped more than 7% on a positive ruling regarding Grayscale’s attempt to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF, Jeff Dorman, Chief Investment Officer at Arca, says the world’s largest digital asset will need a “significant catalyst” to break out of its range-bound
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The company cited the challenging environment as a reason behind its headcount cut. Amid crypto winter and uncertain market conditions, companies continue to employ cost-cutting measures that often include layoffs. Digital asset management firm Arca is one the latest on the list of those currently in the middle of staff downsizing.
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“Growth has been hard to predict in this extended bear market and uncertain regulatory environment,” a spokesperson for Arca told CryptoX. “Our headcount adjustment will allow us to preserve capital and resources giving us a greater chance of success until this sector experiences a shift in sentiment and a clear
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“The Aragon treasury was established with the explicit mission of supporting builders to advance decentralized governance infrastructure. Based on Swiss regulations that mandate the use of Aragon’s treasury for its stated social purpose, fiduciary duty compels Aragon Association to secure these funds from those seeking to access them for their
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The open letter escalated a fight already being waged between Aragon, a crypto governance project building tools for decentralized autonomous organizations (DAOs), and a tight-knit group of activist investors critical of project leadership and demanding they give disenchanted investors an exit ramp. Original Source
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Crypto hedge fund Arca shuttered its Digital Yield Fund less than a year after its launch due to the broader market downturn, a person close to the firm told CryptoX. The fund had slightly over $20 million in assets under management at the time of its closure, and the capital
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In an investor letter sent out in May, Arca revealed exposure to Terra’s native token LUNA and its stablecoin terraUSD (UST). The algorithmic stablecoin lost its peg to the dollar in a dramatic collapse, taking LUNA with it. Arca said Digital Assets held LUNA at the time of the letter,
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In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value.
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