The U.S. Securities and Exchange Commission (SEC) once again holds the reins when it comes to evaluating Grayscale’s spot bitcoin exchange-traded fund (ETF) application. On October 23, 2023, the U.S. Court of Appeals for the D.C. Circuit delivered a directive, compelling the SEC to take another look at the company’s prospectus. Now, the SEC stands […]
Bitcoin surged towards $ 28,000 on Monday, as markets continued to react to the Securities and Exchange Commission (SEC) decision not to appeal the Grayscale ruling. The decision now means that Graycale could soon move to convert its bitcoin trust into an exchange-traded fund (ETF). Ethereum edged closer to $ 1,600 today. Bitcoin …
The U.S. securities regulator has apparently missed a deadline to appeal a court ruling against its rejection of Grayscale’s spot bitcoin ETF application. Media reports, quoting sources familiar with the matter, unveiled ahead of the deadline that the agency was not planning to appeal the decision which potentially paves the way for the application’s review. […]
Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting potential implications for investors. End of 2023 Sees GBTC’s Discount […]
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin Trust: Arkham Intelligence Exposes $ 16 Billion Onchain Bitcoin Assets The crypto analytics startup, Arkham Intelligence, …