Tag Archives: Grayscale

Grayscale and the Securities and Exchange Commission (SEC) have presented their first oral arguments in court regarding the approval/ denial of a Bitcoin a spot ETF product in the United States.  During the hearing, judges pressed the SEC on its justification for simultaneously approving multiple Bitcoin Futures ETFs, while denying an equivalent spot ETF. Spot VS Futures: Which Leads Which? Before the United States Court of Appeals for the DC Circuit, the SEC maintained the...

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Alameda Research – sister trading firm to the now bankrupt FTX exchange – is suing the world’s largest Bitcoin fund on behalf of FTX’s debtors and affiliates. The company demands that Grayscale permit redemptions on its Bitcoin and Ethereum Trusts, which could cumulatively unlock over $9 billion for the trust’s shareholders.  Grayscale’s Bitcoin Stash Per a press release from the FTX Debtors on Monday, claims have also been filed directly against Grayscale CEO Michael...

Valkyrie Investments is working to become the new sponsor and manager of the Grayscale Bitcoin Trust, arguably the largest digital currency fund in existence. Valkyrie Investments Wants a Bigger Role in Grayscale’s Environment Based in Nashville, Tennessee, Valkyrie is tasked with managing $180 million in assets. In late December, the firm announced what’s to be called the Valkyrie Opportunistic Fund, which will take advantage of discounts being offered through Grayscale...

Coindesk: Das bekannteste Medium zum Thema Digitale Währungen. Der Preiszerfall der wichtigsten digitalen Währungen hat der Branche heftig zugesetzt. So sehr, dass nun vielleicht sogar der bekannteste Bitcoin-Blog Coindesk zum Verkauf steht. Denn die Firma hinter Coindesk, die Digital Currency Group, stekt in finanziellen Schwierigkeiten. So muss eine der Tochterfirmen, Genesis, Konkurs anmelden. Aber auch sonst scheint es der Firma rund um Barry...

GenTwo Digital, die in Zug ansässige Tochtergesellschaft von GenTwo, gibt heute eine Partnerschaft mit Coinbase, der börsennotierten Kryptowährungsplattform, bekannt. GenTwo Digital, der führende Anbieter von innovativen Verbriefungsplattformen, erweitert damit das Anlageuniversum auf digitale Assets für professionelle Investoren. Damit können alle Krypto Assets von Coinbase in bankfähige Finanzanlageprodukte verpackt werden und ermöglichen Finanzintermediären die Ausgabe innovativer...

The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...

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Grayscale – one of the largest bitcoin trusts in the world – says it’s not going to be sharing its proof of reserves with customers, causing a lot of heads to turn, eyebrows to hike, and fear to surge. Why Won’t Grayscale Spill the Beans? The concern amongst digital currency enthusiasts and analysts is that Grayscale is somehow not too far off the mark from where FTX stood. FTX is a failed digital currency exchange that was at one time considered the golden player of the...

Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the same day, the executive also commented on the FTX’s collapse, the crypto bear market, and the state of Binance. Shoring Up GBTC In a conversation with CNBC, Sonnenshein acknowledged that the industry is going through a “crypto winter,” which will produce more “regulation” and...