Grayscale's Bitcoin treasure trove, now the second-largest globally, raises questions about BTC's decentralization. Can this behemoth influence Bitcoin's fate?
holdings surpassed 627,000 BTC, with a total valuation exceeding $16 billion. Also, these Bitcoins are distributed across over 1,750 addresses, with no single address holding more than 1,000 BTC.
Grayscale Investments is a digital currency asset management company known for offering the Grayscale Bitcoin Trust. It is a digital currency investment product accessible to individual investors who can trade it through their brokerage accounts. Also, an important milestone for the trust occurred on 21 January, 2020, when it became an SEC reporting company. This happened after having registered its shares with the Commission. Also, the designation marked it as the first digital currency investment vehicle to achieve reporting company status under the SEC.A potential concern arising from this recent revelation is whether
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Grayscale urges U.S. SEC to approve spot bitcoin ETF following court victoryBy Michelle Price WASHINGTON (Reuters) - Grayscale Investments on Tuesday urged the U.S. Securities and Exchange Commission (SEC) to quickly approve ...
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Grayscale asks to meet with SEC to discuss spot Bitcoin ETF approval after court rulingGrayscale has sent a letter to the SEC requesting a meeting with the regulator to discuss converting GBTC into a spot BTC ETF following last week’s Court of Appeals ruling.
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Bitcoin sees rising whale interest amidst Grayscale victoryGrayscale is awaiting regulatory approval from the SEC to function as an ETF. Amidst this, whale interest in Bitcoin starts rising.
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