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Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of ‘Adverse Consequences’
28.12.2023
Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. “A spot commodity exchange-traded product that only employs cash creations...
Barry Silbert Resigns as Chairman of Grayscale Investments
26.12.2023
Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as members of the new look board. Preparing...
73% of US Voters Favor Presidential Candidates with Tech Savvy, Including Crypto
21.12.2023
Source: Adobe/tinyakov Approximately 73% of US voters believe that US presidential candidates should have an informed perspective on innovative technologies like artificial intelligence (AI) and cryptocurrency. A recent survey conducted by The Harris Poll on behalf of Grayscale Investments, which...
Spot Bitcoin ETFs Poised to Tap $30 Trillion Market, Says Grayscale CEO
20.12.2023
Grayscale Investments expects the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) to allow the $30 trillion advised wealth market to gain exposure to bitcoin. “I do think there is a lot of optimism in the market,” said...
Grayscale Report Sheds Light on Bitcoin’s Broad Ownership and ‘Sticky Supply’ Dynamics
1.12.2023
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public...
Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
30.11.2023
Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets
30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...
Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst
16.11.2023
Bloomberg ETF analyst James Seyffart thinks Grayscale’s Ether futures ETF application is just a ploy to corner the SEC to approve its spot Ether ETF
Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL
13.11.2023
Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period
Grayscale ‘Constructively Engaging’ With SEC on Spot Bitcoin ETF, Says CEO
11.11.2023
Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive...
U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
8.11.2023
The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person familiar with the back-and-forth, which could have...
Grayscale Forms Strategic Alliance with FTSE Russell for Innovative Crypto Index Venture
25.10.2023
Grayscale Investments, a major US digital asset management firm, has joined forces with FTSE Russell, the index division of the London Stock Exchange-owner LSE Group. According to an announcement from the two companies, the partnership aims to introduce a new crypto index business under the name...
Grayscale Investments Partners with FTSE Russell to Roll Out Crypto Sector Index Series
24.10.2023
Today, Grayscale Investments announced a partnership with the UK-based global index provider FTSE Russell to introduce the FTSE Grayscale Crypto Sector Index Series.
The index hopes to bring clarity to the fast-growing, yet often misunderstood crypto asset market by offering a structured...
Grayscale Partners With FTSE Russell for New Crypto Indexes Business
24.10.2023
U.S. crypto asset manager Grayscale Investments has entered into a partnership with FTSE Russell – the index division of London Stock Exchange parent LSE Group – to create a new crypto indexes business
Grayscale ETF Case's Final Word Coming in Federal Court as SEC Loss Formalized
19.10.2023
Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case...
Bitcoin Could Hit $42K if BlackRock Bitcoin ETF is Approved: Matrixport
19.10.2023
Crypto financial services platform Matrixport has predicted a major Bitcoin (BTC) rally driven by favorable macroeconomic conditions and lower US inflation.
In a recent report titled "Matrix onTarget," the company noted that one notable development is the remarkable performance of Grayscale...
Grayscale Files New S-3 With SEC, Pushing to Convert Bitcoin Trust Into NYSE Spot ETF After Court Win
19.10.2023
Grayscale Investments, the leading digital asset manager by assets under management (AUM), unveiled on Thursday its latest submission to the U.S. Securities and Exchange Commission (SEC). This move seeks to list the Grayscale Bitcoin Trust (GBTC) as a spot exchange-traded fund (ETF) on NYSE Arca....
Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval
16.10.2023
Some analysts say GBTC’s discount is narrowing because investors are pricing in the SEC’s approval on several pending spot Bitcoin ETF applications