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“The market is weighing higher odds that Grayscale will be able to convert its ETHE product into an ETF following the push from traditional finance giants into the space,” Lucas Outumuro, head of research at crypto analytics firm IntoTheBlock, noted in a report. Original Source
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Spot bitcoin ETFs have existed for some time outside the U.S., but have failed to attract considerable investor interest, and bitcoin funds overall, both futures-based and physically backed funds, have attracted little investor interest since the second quarter of 2021, the report added. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Vivek Ramaswamy, a pro-crypto US presidential candidate, applauded the court’s ruling to favor Grayscale. He sees the victory as a watershed moment for the US web3 space. In his recent tweet, Ramaswamy criticized the overreach of U.S.
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The SEC has 45 days to request a rehearing for the Grayscale’s court verdict. It can either approve the conversion of GBTC into and ETF or reject it for any other reason. Bloomberg ETF analysts James Seyffart and Eric Balchunas have recently updated their estimates of the odds of the
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The crypto industry echoed the news of Grayscale Investments’ groundbreaking victory over the United States Securities and Exchange Commission (SEC) yesterday. This
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Coinbase and other crypto-related companies witnessed a significant rise in stock prices following reports that Grayscale has emerged victorious in its lawsuit
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment, and overall financial markets. The crypto and wider crypto-related stock markets are relatively firm
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Some signs suggest potential market weakness despite Tuesday’s rally, market observers noted. Source
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A knock-on effect of Grayscale’s recent favorable ruling against the U.S. Securities and Exchange Commission is that it potentially render meaningless a lawsuit brought by FTX affiliate Alameda Research, which called for the Grayscale Bitcoin Trust to reduce its fees and implement a redemption program. Source
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On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and
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