Grayscale to Sell ETHW Tokens, Files for Declaration of Rights

Grayscale Investments filed a distribution of rights declaration with the US Securities and Exchange Commission over ETHW tokens. According to a press release from the biggest digital belongings supervisor, the agency established September 26 because the document date for the distribution of rights for the ETH Proof-of-Work (PoW) tokens.  On the document date, Grayscale will assume … Read more

Grayscale May Reward Shareholders With ETHPoW Cash Disbursal

Grayscale – one of many world’s largest cryptocurrency asset managers – could also be readying a cash-airdrop for holders of its Ethereum Trust and Digital Large Cap Fund. The money grant represents the worth of ETHPoW (ETHW) tokens that Grayscale buyers are entitled to following the community fork, in line with an organization submitting with … Read more

SEC Rejects Grayscale’s Request for Spot Bitcoin ETF Conversion, Grayscale Sues in Response

The U.S. Securities and Exchange Commission (SEC) has rejected the conversion of the Grayscale Bitcoin Trust right into a spot Bitcoin ETF. In response, Grayscale Investments has filed a lawsuit difficult the choice, which might be resolved late subsequent 12 months or early 2024. In its filing, the SEC stated that the applying didn’t reveal … Read more

SEC Rejects Grayscale Spot Bitcoin ETF Sparking Lawsuit

On June 29, the U.S. securities regulator rejected the proposal by Grayscale to record a spot Bitcoin exchange-traded fund (ETF) on the NYSE Arca change. According to the SEC, the proposal didn’t meet requirements designed to forestall fraudulent and manipulative market practices. It stated that the rejection was not based mostly on an “evaluation of … Read more

Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Michael Sonnenshein, the CEO of the main crypto asset supervisor, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could possibly be a constructive signal for the trade. SEC Becoming More Comfortable With Bitcoin In a Twitter thread on Tuesday, Sonnenshein famous that he believes the United States Securities and Exchange Commission … Read more

Grayscale Bitcoin Negative Premium Charts All-Time Low

The dramatic collapse in UST introduced large promoting stress, catching many off-guard. But the following destructive macroeconomic situations have adversely affected the cryptocurrency market as a complete, with institutional demand plunging to the bottom ranges. Grayscale Bitcoin Trust (GBTC) Hits Lowest Point The Grayscale Bitcoin Trust, an funding automobile offered by asset supervisor Grayscale Investments, … Read more

Grayscale CEO Says Pension Funds Are Actively Exploring Crypto

Grayscale CEO Michael Sonnenshein mentioned that extra pension fund firms want to add crypto to purchasers’ portfolios. Talking with CNBC, Grayscale CEO Michael Sonnenshein mentioned there may be nonetheless curiosity in together with cryptocurrencies in folks’s pension portfolios, regardless of the current market volatility. He famous that extra pension funds are exploring the chance whereas … Read more

Grayscale Taps Ex-Obama Lawyer to Argue Its Case Against SEC

Grayscale Investment LLC acquires a brand new secret weapon within the type of former solicitor-general Donald Verrilli, who labored within the Obama administration from 2011 to 2016. Grayscale Investments LLC has introduced on board Donald Verrilli, a prime legal professional, as the corporate weighs a attainable rejection of its software to the Securities and Exchange … Read more

Grayscale Removed Bancor Network Token (BNT) and UMA Protocol From DeFi Fund

The world’s main digital asset supervisor – Grayscale Investments – has readjusted its DeFi Fund. The agency rebalanced the monetary product’s weightings with AMP (the native token of the Flexa fee Network), whereas Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) have been eliminated. Adjusting The DeFi Fund According to a current sequence … Read more

US SEC Extends Deadline for Approving Grayscale and Bitwise’s Bitcoin ETF Applications

The United States Securities and Exchange Commission (SEC) has postponed its resolution concerning the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust purposes. SEC Extends Approval Date to Feb 2021 The regulatory physique has issued two new extension dates for each purposes to find out whether or not to approve, reject, or “institute proceedings to … Read more