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Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be. The United States Securities and Exchange Commission (SEC) appears to be gearing up to reexamine Grayscale’s application to convert its Bitcoin trust into a spot exchange-traded fund (ETF). This comes after a recent
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"GBTC is the gift that keeps giving," one observer said. Source
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U.S. Securities and Exchange Commission Chairman Gary Gensler declined to outline any of the agency’s plans for spot Bitcoin exchange traded funds (ETFs) on Wednesday, though his SEC must now decide how to proceed after the courts demanded it erase its objection to Grayscale Investments’ application. Source
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The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases. The world’s largest digital assets manager Grayscale Investments continues to take steps in order to expand its footprint in the market. Also, the latest report shows that
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Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022. Source
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“Investors have increasingly expressed interest in diversifying beyond crypto’s largest assets," Grayscale CEO Michael Sonnenshein said in a statement. "Many look to Grayscale to better understand this robust, evolving asset class,” he added. “Grayscale Crypto Sectors formalizes our specialized view of the crypto landscape.” Source
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The fund sold 100,739 shares, equivalent to around 2% of ARK's Next Generation ETF (ARKW) holdings. The sale coincided with bitcoin (BTC) enjoying a bullish surge, which saw it rise above $34,000 for the first time in nearly 18 months. According to FactSet data, Ark holds about 5.6 million GBTC
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Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from ARK Next Generation Internet ETF (ARKW), according
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The ball now returns to the SEC's court, where the agency could choose to approve Grayscale's application or perhaps reject it on other grounds. The SEC is also in the process of making decisions on numerous other spot bitcoin ETF applications, including those from asset management giants BlackRock, Fidelity and
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The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Exchange Commission (SEC). In an Oct. 23 filing in the U.S. Court of Appeals for the District of Columbia Circuit, the “formal
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