FTX Seeks Permission to Sell Grayscale, Bitwise Assets
Insolvent cryptocurrency exchange FTX has petitioned the Delaware bankruptcy court for permission to sell approximately $744 million worth of key trust fund assets of crypto asset manager Grayscale Investments and custody service provider Bitwise. FTX debtors petitioned the court on November 3 for authorization to sell trust assets in anticipation of “imminent dollarized distributions to […]
Grayscale Teams Up with FTSE Russell for New Crypto Indices
Grayscale Investments has partnered with FTSE Russell, a subsidiary of the London Stock Exchange, to introduce a series of crypto indices that cover different categories of digital assets. However, the firm also faces legal challenges and seeks approval for a spot Bitcoin ETF. Grayscale Investments, the largest digital asset manager in the world, has teamed […]
BlackRock Move Makes Bitcoin (BTC) Reach $35,000 2023 High
Bitcoin reaches a new all-time peak in 2023 as BlackRock lists its iShares Bitcoin ETF on the DTCC platform, and U.S. court orders the SEC to review Grayscale’s application. Bitcoin (BTC), the largest cryptocurrency in the world, has given a massive 12% breakout, reaching a new peak of $35,000 in 2023. With this development, Bitcoin’s […]
Grayscale Abandons post-Merge PoW Ethereum Tokens
Grayscale, a prominent cryptocurrency investment firm, has relinquished all rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW) only one year after the Ethereum Merge. Grayscale stated on September 18 that it had “irrevocably abandoned” all rights to ETHPoW tokens on behalf of the record date shareholders of each product. Grayscale determined after a comprehensive […]
Grayscale Has Filed For New ‘33 Act Ether Futures ETF
Grayscale’s submission of an application for an ether futures ETF has generated significant attention, indicating a possible change and prompting inquiries regarding the future of their Ethereum Trust. Grayscale Investments has submitted an application for a novel exchange-traded fund (ETF) designed to monitor ether futures as it seeks approval from the Securities and Exchange Commission […]