Friday, February 3

Tag: Bitcoin spot ETF

Grayscale’s Application Is Presently At Appellate Court But If Contrary Happens, They Are Ready For Supreme Court Over The Case Of Spot Bitcoin ETF
Bitcoin

Grayscale’s Application Is Presently At Appellate Court But If Contrary Happens, They Are Ready For Supreme Court Over The Case Of Spot Bitcoin ETF

Following the rejection of Grayscale proposal of converting GBTC to a spot Bitcoin ETF mid-last month, Grayscale with immediate effect filed a lawsuit against the U.S. Prior to the SEC's rejection, according to the Sonnenshein, dignitaries have been contacted, to submit their comments on the proposal as required by SEC on November 2nd, 2021 to solicit comments on our proposal to convert GBTC to a spot Bitcoin ETF. Soon thereafter, the Grayscale team developed and deployed a multifaceted strategy to raise awareness about the 19b-4 filing process, rally GBTC investors, educate the general public about the importance of this issue on a national level, cultivate critical relationships in Washington, D.C., and prepare for each possible outcome of the SEC’s decision. Read ...
Grayscale’s Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal
Bitcoin

Grayscale’s Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal

The long-awaited Grayscale's offer of the approval of the conversion of the GBTC to ETFs has been refuted by the SEC. Due to this, the grayscale has sued the US SEC.“ We're deeply dissatisfied by and don't agree with its decision, ” Grayscale Investments said in a statement posted on its website. The SEC also refuted Bitwise’s operation for a spot bitcoin ETF during the same period. Read Also: IOHK Submits An Offer To Hard Fork Cardano Testnet; Vasil Hark Fork Upgrade's Countdown Starts It happed on Wednesday in a ruling, the SEC denied Grayscale’s offer to list a spot bitcoin ETF on the NYSE Arca exchange. The proposed ETF failed to meet the standard designed to avert fraudulent and manipulative practices and to cover investors and public interest, as stated by the regulator.Graysc...