Tag Archives: Grayscale

The company behind the world’s largest Bitcoin fund has a 70% chance of overcoming the U.S. Securities and Exchange Commission (SEC) in a major crypto industry lawsuit, according to Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein. Given the circumstances, the firm’s analysts assign a 50% likelihood to a Bitcoin spot ETF being approved in the United States this year. Grayscale, BlackRock, and the SEC According to Stein, the optimistic outlook for Grayscale’s...

There is a renewed hope that the US Securities and Exchange Commission (SEC) may finally approve a spot Bitcoin ETF. Grayscale’s Bitcoin Investment Trust (GBTC) is currently enjoying some attention from investors, and its trading volume is a testament to this fact. This follows after GBTC’s trading volume spiked by over 400% within the last week. As of June 14, the daily trading volume of GBTC was still standing at $16.1 million. However, in just 5 days, that volume surged massively to...

The CFTC has officially given Cboe Digital the approval it needs to offer margined futures contracts trading to clients. Cboe Global Markets’ digital asset exchange has received approval to allow users to trade crypto futures contracts. Customers of the Cboe Digital platform will now trade Ether (ETH) and Bitcoin (BTC) futures contracts later this year following the CFTC’s approval for an amended order of registration. The Commodity Futures Trading Commission (CFTC) gave Cboe Digital...

Grayscale also noted that it doesn’t believe that Filecoin is security and seeks to respond to the SEC staff with a legal basis for their position. Earlier this week, the US Securities and Exchange Commission (SEC) classified the cryptocurrency Filecoin as a security and even asked asset manager Grayscale to pull up their application for the Grayscale Filecoin Trust. However, Filecoin has rejected the observation from the SEC adding that FIL was not a security. The Filecoin Foundation...

The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a...

The Grayscale Investments Bitcoin Trust has seen its shares jump heavily in price over the last few weeks as its court case against the Securities and Exchange Commission (SEC) appears to move more heavily in its favor. Grayscale Heats Up Its Fight Against the SEC Grayscale is currently at war with the SEC. The latter agency has done all it can over the last six years to penalize crypto companies that don’t move in tandem with its narrative. The goal was initially to...

It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn. Grayscale Might Pull off a Win! Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making...

Earlier today, we published an article talking about a lawsuit between Alameda Research and Grayscale. The former is suing the latter and claims it’s holding roughly $9 billion in investment funds that can (and should) be going to its many customers. Grayscale Is Going After the SEC As it turns out, Grayscale is involved in a whole separate lawsuit against the Securities and Exchange Commission (SEC). Not long ago, the agency turned down the company’s application for a...

Alameda Research – an affiliate of the now defunct crypto exchange FTX – is suing Grayscale, the world’s largest bitcoin trust. The company claims Grayscale is unlawfully holding investments and refuses to unlock them so customers can receive due payments. Alameda Research Is Suing Grayscale Alameda was at the center of controversy several months ago when it was alleged Sam Bankman-Fried – the man behind both that firm and FTX – used customer funds from the latter firm...

After Grayscale presented its first oral arguments in its lawsuit with the Securities and Exchange Commission (SEC) on Tuesday, CEO Michael Sonnenshein walked away feeling “very encouraged.” The executive spoke on Wednesday about the crux of Grayscale’s argument and why the SEC’s refusal to approve a Bitcoin spot ETF is “arbitrary and capricious.” The Relationship Between Bitcoin Futures and Spot During an interview with CNBC on Wednesday, Grayscale’s CEO echoed his company’s...