ARK 21Shares spot Bitcoin ETF application faces rejection from the SEC
The US Securities and Exchange Commission (SEC) has formally rejected the application for the ARK 21Shares spot Bitcoin exchange-traded fund (ETF). The SEC denied a proposal from the Chicago Board Options Exchan ge, or Cboe, BZX Exchange, to list and trade shares of the ARK 21Shares Bitcoin (BTC) ETF in a Thursday filing. The SEC […]
SEC Lists Crypto Assets An Examination Priority In 2022
SEC Division of Examinations reveals that it is tailoring its focus to emerging issues, such as crypto assets. This move comes on the heels of the heightened market volatility of cryptocurrency. Crypto assets have been named as one of the top priorities of the Division of Examinations of the Securities and Exchange Commission. This new […]
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 […]
Coinbase users can now borrow up to $1M
Coinbase said on November 3 that select users will be able to borrow up to $1 million from the exchange. Is it possible that cryptocurrency exchanges will become the new banks and money lenders? The SEC issued a Wells Notice to Coinbase when the company attempted to launch its high-interest crypto “Lend” product. Without much […]
SEC Postpones Decision Deadline for Valkyrie Bitcoin ETF to 2022
The Securities and Exchange Commission (SEC) has pushed out the decision date for the planned Valkyrie Bitcoin Fund to January 7, 2022. The SEC stated in a statement that it “finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has […]