Grayscale Refiles Bitcoin ETF Application as Barry Silbert Departs
Grayscale reportedly submitted an updated filing to the U.S. Securities and Exchange Commission (SEC) on the same day that CEO of parent company Digital Currency Group Barry Silbert announced his departure from Grayscale’s board of directors, according to Bloomberg analyst James Seyffart. Analyst James Seyffart at Bloomberg stated: “Even Grayscale is accepting the SEC’s Cash-only […]
Grayscale Adopts Cash Creation Model for Bitcoin ETF Bid
Grayscale, the largest crypto asset manager, has amended its filing to convert its Bitcoin trust into a spot ETF, opting for a cash creation model. The move comes as its parent company’s CEO steps down amid an SEC probe. Grayscale has made two significant moves in its quest to launch a spot Bitcoin ETF in […]
ARK Invest Sells 800K GBTC Shares For $28M
ARK Invest, a spot Bitcoin exchange-traded fund (ETF) contender in the United States, has sold another substantial quantity of Grayscale Bitcoin Trust (GBTC) shares, further depleting its cryptocurrency holdings. Cointelegraph has obtained trade notification that ARK Next Generation Internet ETF (ARKW) sold 809,441 GBTC on December 18. According to data provided by TradingView, the valuation […]
Grayscale Updates Spot Bitcoin ETF Application
Grayscale submitted an updated filing for its pending spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). In light of conversations with the U.S. Securities and Exchange Commission (SEC), cryptocurrency asset management Grayscale has released an updated version of its spot Bitcoin exchange-traded fund (ETF). A plan to switch GBTC’s ticker to BTC […]
SEC Postpones Hashdex, Grayscale Crypto ETFs Approval
The U.S. Securities and Exchange Commission has postponed its decision on the approval of two crypto ETFs, one that invests directly in Bitcoin and one that invests in Ethereum futures contracts. The SEC has set the new deadline to be Jan. 1, 2024. Hashdex, a crypto asset manager, filed to convert its current Bitcoin Futures […]