SEC puts brakes on HashDex and Grayscale ETF filings
The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on the ETF filings by HashDex and Grayscale. The SEC has postponed its decision on HashDex’s proposal to convert a Bitcoin futures exchange into a Spot ETF. Similarly, the decision on Grayscale’s Ethereum futures ETF has been deferred. Both filings, made […]
Bitcoin inches towards $37K amid SEC’s discussions with Grayscale over ETF
The world’s largest cryptocurrency, Bitcoin, is on a roll, nearing the $37,000 mark, following a surge of nearly 4% over the last 24 hours. The uptick is driven by speculation around the conversion of spot Bitcoin ETF, which could attract significant institutional investment. Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, have previously indicated […]
Grayscale’s chainlink trust shares soar to 200% premium
Shares of Grayscale’s Chainlink Trust (GLINK) have seen an astonishing rise, now trading at a 200% premium over the underlying LINK tokens. The remarkable surge in GLINK share value was highlighted by Chainlink community ambassador ChainLinkGod on November 7. The data indicates that the premium on GLINK shares, which represent investments in the Grayscale Chainlink […]
Bitcoin’s price rollercoaster causes $147 Million in liquidations
A recent dip in Bitcoin’s value has resulted in over $147 million in liquidations within the last 24 hours. The retracement followed a high earlier this week when the cryptocurrency surpassed $35,000. Data from Coinglass suggests that short positions bore the brunt of the impact, with nearly $80 million liquidated compared to just over $68 […]
SEC’s Gensler remains mum on Bitcoin ETFs future after Grayscale setback
The Chairman for the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has refrained from detailing the future for spot bitcoin exchange-traded funds (ETFs). This comes in the wake of a court order directing the regulator to withdraw its opposition to an application from Grayscale Investments. Gensler, while addressing questions at a Securities Enforcement Forum […]
Grayscale ETF ruling triggers Bitcoin’s 7.6% daily gains
The implementation of a recent ruling regarding Grayscale’s Bitcoin ETF proposal is coinciding with considerable gains in the cryptocurrency market, including a 7.6% surge in Bitcoin’s daily value. A court mandate regarding Grayscale’s spot Bitcoin ETF proposal was issued on Oct. 23, followed by significant market gains. Grayscale aims to transform its GBTC fund into […]
SEC ordered to reconsider Grayscale’s Bitcoin ETF application
The U.S. Court of Appeals has instructed the Securities and Exchange Commission (SEC) to reassess Grayscale’s Bitcoin ETF application. The court order follows a judgment made on August 29, 2023, against the SEC’s refusal to allow Grayscale’s Bitcoin Trust (GBTC) to convert into a Bitcoin ETF. Grayscale argued that the SEC’s decision was “arbitrary and […]
Bitcoin skyrockets over $35,000 amid buzz around Bitcoin ETFs
Bitcoin (BTC) experienced a significant surge in value, exceeding $35,000, spurred by the anticipation of Bitcoin exchange-traded funds (ETFs). The price of Bitcoin rapidly rose, hitting the $35,000 mark within minutes. This brings the cryptocurrency back to its May 2022 levels, a stark contrast to the industry’s previous slump. The mood in the crypto market […]
Grayscale’s legal head foresees bright future for Bitcoin ETF
Grayscale Investments’ Chief Legal Officer, Craig Salm, has expressed confidence over the imminent arrival of a spot bitcoin exchange-traded fund (ETF). Salm voiced his optimism during a recent SiriusXM radio interview. The discussion followed the Securities and Exchange Commission (SEC)’s announcement that it would not appeal a court ruling mandating it to reconsider Grayscale’s bid […]
Grayscale Bitcoin ETF Verdict : Why It Matters More Than You Think!
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Ethereum Gets Official Commodity Status! U.S. Court Tosses Investor Suit Against Uniswap! 2️⃣ YouTuber Loses $60K Worth of Crypto Live on Stream […]