Grayscale – Page 21

Today in Crypto: Bank of England to Reject Revolut’s Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a ‘Horrible Mess’

May 19, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bank of England to Reject Revolut’s Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a ‘Horrible Mess’…
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Grayscale and Bitwise distance themselves from Ether futures ETF plans

May 18, 2023

Grayscale has stopped its ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any launch of Ether ETF products. Two prominent crypto asset managers, namely Grayscale and Bitwise, have put a halt on their ETH futures exchange-traded fund (ETF) plans amid growing scrutiny from United States…
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SEC warns that Filecoin ‘meets definition of a security’ — Grayscale

May 18, 2023

The regulator has asked Grayscale to withdraw its application for a Filecoin Trust product, saying it believes its underlying asset is a security. The United States Securities and Exchange Commission (SEC) has asked Grayscale Investments to pull its application for a Filecoin Trust, warning that its underlying asset, Filecoin (FIL), can be seen as a security.…
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US SEC Says Filecoin Is a Security in Comment Letter to Grayscale

May 17, 2023

The US Securities and Exchange Commission determined that Filecoin is a security, according to a statement released by asset manager Grayscale Investments. In a press release sent on Wednesday afternoon, the digital currency asset manager said it had received a comment letter from SEC staff stating that view. … Read More: US SEC Says Filecoin Is…
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Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

May 13, 2023

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000. Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. As a result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated.…
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Grayscale Seeks ETF Expansion Amid Ongoing Legal Battle over Spot Bitcoin Fund

May 11, 2023

In a sign of dedication to its efforts to launch a spot Bitcoin Exchange Traded Fund (ETF) in the US, Grayscale Investments is trying a new approach. The digital asset manager, currently the world’s largest, announced on Wednesday the formation of a new trust, Grayscale Funds Trust. The new Delaware statutory trust structure will allow…
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Third Time the Charm for a Spot Bitcoin ETF? Cboe Tries Again To Find Out

May 10, 2023

Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval. Cboe BZX Exchange, operated by Cboe, officially filed with the Securities and Exchange Commission on Tuesday to list and trade those shares of the ARK…
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Metalpha raising $100M to offer Grayscale Bitcoin products in Hong Kong

April 12, 2023

Metalpha has secured $20 million out of the planned $100 million for its new fund from overseas Chinese investors, the CEO said. Hong Kong-based cryptocurrency wealth manager Metalpha Technology is working to offer new entry points into Bitcoin (BTC) and Web3 to investors in Asia. Metalpha is raising a $100 million fund to invest in…
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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

March 26, 2023

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million…
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Post-Merge Ethereum: Grayscale extends review of ETHPoW decision

March 17, 2023

Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders. Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens. Grayscale announced on March 16 that the company intends to extend…
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