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

30Jun

By Cryptolifedigital1 Comment

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...

Grayscale CEO Expresses Optimism As The 240-Day Application Review Process With SEC Is Approaching.

As we all know the eyes of every investor await the SEC’s decision on Grayscale’s application for the conversion of GBTC to an ETF, as shared on Monday. As the 240-day application review process with SEC is approaching, CEO Michael Sonnenshein expressed optimism about the decision. According to the letter written by the Grayscale CEO, revealing the works that have been put into place for the success of the Grayscale. Read Also: Shiba Inu Spiked 50% In Seven Days, Its Addresses Approach 1.2 Million The grayscale CEO stated that the company is awaiting the SEC’s decision on the Grayscale as soon as early July; “We anticipate a decision from the SEC by early July, and you’ll be hearing from the Grayscale team with more information as it becomes available. Grayscale is unequivo...

Grayscale Releases its First European ETF

One of the world’s largest digital currency asset managers broadcast the integration of its first European ETF, which is going to track Bloomberg's Grayscale Future of Finance Index, giving investors exposure to digital assets, finance, and technology companies. Read Also: Cardano Experiences Main Milestone of 700,000 Users The newly arrived exchange-traded products are expected to be listed on the London stock exchange (LSE), Borsa Italiana, and Deutsche Borse Xetra. Back in February, Grayscale listed its ETP in the United States, offering the same type of exposure to U.S. investors. The Future of Finance Index tracks companies represented by three sections: Financial Foundations, Technology Solutions, and Digital Asset Infrastructure. The Digital Assets infrastruct...