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"Futures derive their pricing from the underlying spot markets, given that they are derivatives of spot bitcoin," Salm said on CryptoX TV’s “First Mover” on Wednesday. "If we're going to have bitcoin futures trading being approved by the SEC, how can we not also have spot bitcoin ETFs be approved
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A panel of judges heard oral arguments in the Grayscale Investments suit against the United States Securities and Trade Commission (SEC) on March 7. Grayscale is challenging the SEC order not to approve Grayscale’s application to create a Bitcoin (BTC) spot exchange-traded fund (ETF). The SEC issued its order on
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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 Administrative Procedure Act, as Ribbit Capital’s Sigal Mandelker and Jessi Brooks wrote. The agency has already approved
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Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing Source
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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 continues to slide. Kssis said that he is not hearing of investors buying more GBTC
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"Web3 is a new vision of the internet, incorporating concepts such as decentralization, digital assets and blockchain technologies," Ninepoint said. "As with previous eras of the web, the companies that harness its potential could have an impact on every industry in the economy from finance to telecommunication, energy, media and
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Grayscale says it’s preparing to argue in court next week that the Securities and Exchange Commission (SEC) inappropriately treated its bitcoin exchange-traded fund (ETF) bid differently than earlier decisions on futures ETFs, according to the company’s legal team. Source
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Meta, Apple and Nvidia are top holding for the ETF. Original Source
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Summary: Gary Gensler’s SEC rejected Grayscale’s Bitcoin exchange-traded fund application citing fraud and market manipulation concerns.The digital asset manager sought regulatory permission to switch its BTC spot trust index to an ETF, changing the product’s structure and reducing a huge discount on the asset.CEO Michael Sonnenshein promised his company would
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Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create. Osprey stated in the suit that
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