Renowned Economist Explains Why Grayscale’s Win Is Not Good For Bitcoin Price
One of the major highlights of Grayscale’s victory over the US Securities and Exchange Commission (SEC) was its positive effect on Bitcoin’s
Read MoreOne of the major highlights of Grayscale’s victory over the US Securities and Exchange Commission (SEC) was its positive effect on Bitcoin’s
Read More“Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” said Matteo Greco, research analyst at Fineqia International (CSE:FNQ), in a note to CryptoX Wednesday. “It doesn't mean that now Grayscale will be 100% able to
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase shares soar 15% as U.S. federal court ruling favors Grayscale’s Bitcoin ETF, signaling a transformative moment for the crypto industry. Coinbase Global Inc. shares saw a massive spike following Grayscale’s victory over the SEC, paving the
Read MoreIn a refreshing ruling on August 29, the United States District of Columbia Court of Appeals said the stringent Securities and Exchange
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale secured a pivotal victory against the SEC, paving the way for the U.S.’s first Bitcoin spot ETF and igniting a surge in Bitcoin and other cryptocurrency prices. In a milestone development, Grayscale Investments LLC secured judicial
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Court of Appeals has, once more, deferred its decision on Grayscale’s ability to convert its widely used Bitcoin Trust into a traditional spot Bitcoin ETF. Grayscale’s chief legal officer, Craig Salm, disclosed this announcement on
Read MoreThe letter, addressed to the U.S. Court of Appeals for the District of Columbia Circuit, alleges the SEC approved a leveraged ETF in late June that is "even riskier" than its "traditional" bitcoin-based futures exchange-traded products. Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent company. Original Source
Read MoreExchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions. Original Source
Read MoreThe 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
Read MoreLaurent 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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