Grayscale Investment, one of the companies in the Bitcoin Spot Exchange-Traded Fund (ETF) race, has urged the US Securities and Exchange Commission (S
) with the CME are similar therefore share the same potential to detect malicious activities in the market.With this, Grayscale calls out the commission for dragging the matter too long, and in so doing, harming the Trust’s existing investors as their shares now trade at a discount to net asset value.
While the SEC’s stance is that, applicants are yet to prove beyond reasonable doubt that they can protect investors from market manipulation, the euphoria around BTC spot ETFs is that investors would be exposed to the flagship crypto even without being actual owners. An Exchange-Traded Fund is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorganFor the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.
Read more »
Grayscale Presses SEC To Approve Bitcoin ETFLawyers for the investment firm are pushing for the regulator to take quick action to let it convert the Grayscale Bitcoin Trust into an exchange-traded fund.
Read more »
SEC Has 'No Grounds' to Reject Bitcoin ETF Conversion, Grayscale SaysThe SEC was last week ordered to review its prior rejection of the conversion of the Grayscale Bitcoin Trust (GBTC), though not necessarily to approve it.
Read more »
Grayscale lawyers ask SEC to discuss greenlighting spot bitcoin ETFGrayscale Investments wants to meet with the SEC about the conversion of its trust into a spot bitcoin exchange-traded fund.
Read more »
Bitcoin Gains Inflows Amidst 'Apathetic' Market Condition: CoinSharesBitcoin products recorded $3.8 million of inflows following Grayscale's win against the SEC.
Read more »
Grayscale victory, SEC delays decision on Bitcoin ETFs: Law DecodedInitial enthusiasm in the crypto community about the victory was tempered by the understanding of the limits of the court’s decision.
Read more »