Tag Archives: Grayscale

The U.S. Court of Appeals for the D.C. Circuit has released its full letter explaining its decision to rule in Grayscale’s favor in its lawsuit with the Securities and Exchange Commission (SEC). The decisive 3-0 victory for the company is based on the SEC’s “unreasonable” justification for favoring futures ETFs over spot products, and its inability to provide evidence for its claims. Grayscale’s Victory Explained Per the court’s decision on Tuesday, the SEC “failed to...

Though many doubted their odds, Grayscale has defeated the Securities and Exchange Commission (SEC) in court, bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Going into its lawsuit, certain legal and market experts saw Grayscale’s victory as quite likely: Here are just a few of them Why Grayscale’s Victory Was Assured Back in June, Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein afforded Grayscale a 70% chance of winning its lawsuit...

Bitcoin, alongside the rest of the crypto market, shot up following the news that a US court has sided with Grayscale in its battle against the SEC. Naturally, this volatility brought massive pain for over-leveraged traders as the liquidated short positions skyrocketed to about $80 million within an hour. CryptoPotato reported Grayscale’s court victory earlier today, which essentially meant that the SEC is now obligated to review the asset manager’s request to turn its...

Not long ago, the Securities and Exchange Commission (SEC) approved a different kind of bitcoin-based exchange-traded fund (ETF), and crypto conglomerate Grayscale isn’t happy about that. Grayscale is Seeing Red The ETF that garnered approval is called 2X Volatility Shares, and it became open for public trading on June 23. For many players out there, the move was the right one and a big step in a powerful new direction that’s likely to make crypto mainstream and...

CoinspeakerBitcoin Price Is Hovering Above $26K amid Broad-based Selloff The latest data from CoinMarketCap has indicated an unsettling calm in BTC/USD trading over the weekend, with the market experiencing an 11% decline in a span of just seven days. Bitcoin Price Is Hovering Above $26K amid Broad-based Selloff

CoinspeakerCourt Verdict on Grayscale Bitcoin Spot ETF Expected by End of This Week Aside from the Grayscale Bitcoin Spot ETF, the SEC is also reviewing other Bitcoin ETF proposals. Court Verdict on Grayscale Bitcoin Spot ETF Expected by End of This Week

Grayscale wrote a letter to the U.S. Securities and Exchange Commission (SEC) on Thursday calling for the agency to simultaneously approve any qualifying Bitcoin spot ETF applications, so as to not “pick winners and losers.” However, the firm also argued that Coinbase shouldn’t qualify as a surveillance partner to launch such a product, under the SEC’s pre-established rules. Why Coinbase Isn’t Good Enough Per the comment letter, the SEC has already questioned the pricing data...

Cathie Wood’s ARK Invest revealed some interesting details on its portfolio in the second quarter of 2023. The latest report suggested that Grayscale Bitcoin Trust (GBTC) stood out as one of the top-performing assets within the investment firm’s portfolio. However, when it comes to asset allocation, GBTC trailed behind Coinbase at ARKW. GBTC Tops Chart Grayscale Bitcoin Trust (GBTC) played a crucial role as one of the top five contributors driving ARKW’s impressive growth of...

Grayscale, the owner of the world’s largest Bitcoin fund, has grown even more frustrated with the U.S. Securities and Exchange Commission (SEC) after the regulator approved a leveraged Bitcoin futures ETF last month. The firm has taken its complaint to the court, arguing that the approval strengthens its case that the SEC’s denial of its Bitcoin spot ETF application is “discriminatory.” 2X Futures VS Spot: What’s Riskier? In a letter to the Court of Appeals for the DC Circuit...

The first Bitcoin ETF application was filed way back in 2013 by Cameron and Tyler Winklevoss. However, the US regulators have not approved any such application to date.  But now, they are seemingly under tremendous pressure, with some of the biggest players in traditional finance throwing their hats in the ring. Race for BTC ETF Hots Up  In the latest, the world’s largest fund manager – BlackRock – filed on June 15 for a spot Bitcoin investment trust fund through iShares, the...