Grayscale Battles SEC Over Bitcoin ETF
Grayscale CEO emphatically stated that all options are on the table as the company put all its resources into the conversion of its Bitcoin ETF. This legal move comes in preparation to contest the SEC decision if it rejects Grayscale’s Bitcoin trust. Grayscale CEO Michael Sonnenshein said the company is preparing for a legal battle […]
Grayscale plans to convert its Bitcoin trust into physically-backed ETF
Grayscale, a major institutional investor, is allegedly considering making its Bitcoin Trust a physically settled exchange-traded fund (ETF), this development comes after the SEC approved a Bitcoin futures ETF. Grayscale’s parent business Digital Currency Group’s CEO , Barry Silbert, revealed on Oct. 17 that Grayscale is planning to convert its Bitcoin Trust into a spot-settled […]
New SEC filings reveal wealth managers gain exposure to Bitcoin via Grayscale
According to new filings with the US Securities and Exchange Commission, or SEC, four wealth management businesses have purchased shares of Grayscale’s Bitcoin Investment Trust, demonstrating institutional adoption of digital assets. Institutional investors are flocking to the Grayscale Bitcoin Trust , which trades under the ticker sign GBTC, seeking more traditional exposure to digital assets. […]
Bitcoin investment products suffer outflows despite price recovery
Despite the rise in Bitcoin price, investment products of the cryptocurrency still suffer capital withdrawal, while at the same time money is flowing into Ethereum and altcoin products. Despite the market’s positive trajectory, institutional crypto products have suffered withdrawals for the fifth week in a row. CoinShares, an institutional asset manager , projected that outflows […]
Wealthfront through Grayscale now offers cryptocurrency exposure to its clients
Wealthfront, a California-based financial firm, announced an extension of its digital asset investment menu. The company stated its customers can now invest in Grayscale’s Bitcoin and Ethereum trust fund. On Thursday, Wealthfront announced that Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) will now be among the company’s other investment alternatives, according to reports. […]