Grayscale Financial News

Crypto asset management giant Grayscale just filed paperwork with the US Securities and Exchange Commission (SEC) to create a new Ether (ETH) Futures Exchange Traded Fund (ETF), as per a report by the Wall Street Journal.

Grayscale CEO Michael Sonnenshein believes cryptocurrency has become a non-partisan issue, claiming that policymakers now acknowledge it's here to stay.

Bitcoin (BTC) hit new month-to-date highs on Sep. 18 as a strong weekly close cemented a bullish start to Wall Street trading. 

Bitcoin experienced a 5% increase after testing the $25,000 support level on Sept. 11. However, this breakout rally doesn’t necessarily indicate a victory for bulls. To put today’s price action in perspective, Bitcoin (BTC) has witnessed a 15% decline since July. In contrast, the S&P 500 index and gold have maintained relatively stable positions during this period. 

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity.

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty.

In a September 6 thread on X, Arkham Intelligence, an on-chain analytics platform, asserted that Grayscale is the second-largest BTC entity worldwide with over 1,750 wallet addresses associated with the holdings of Grayscale Bitcoin Trust (GBTC).

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen.

Grayscale Investments on Tuesday urged the U.S. Securities and Exchange Commission (SEC) to quickly approve its proposed exchange-traded fund that would track bitcoin, following the crypto asset manager's court victory against the agency. A three-judge panel of the District of Columbia Court of Appeals in Washington last week ruled that the SEC was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry and which briefly boosted the price of bitcoin nearly 7%. The ruling requires the SEC to review Grayscale's application, although the agency still has time to appeal the court's decision. The SEC said last week that it was studying the ruling. «We hope you will agree that the best use of resources now is for the (SEC) to issue an order approving» the product, Grayscale's law firm DavisPolk wrote in a letter which was filed with the SEC on Tuesday.

Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claimed that Grayscale is “the 2nd largest BTC entity globally.”

Grayscale has told the Securities and Exchange Commission it has no legal reasoning left to block the conversion of the asset manager’s flagship Bitcoin (BTC) fund to a spot exchange-traded fund (ETF).

Crypto asset manager Grayscale’s legal team has sent a letter to the US Securities Exchange Commission (SEC) asking the agency to move ahead with its proposed Spot Bitcoin BTF and meet its staff as soon as practical. 

Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve's injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600. 

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circuit Judge Neomi Rao ordered Grayscale’s petition for review be granted and the SEC’s order to deny the GBTC listing application be vacated. Previously, Rao said that the SEC did not “offer any explanation” as to why Grayscale was in the wrong. 

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.

The price of Bitcoin (BTC) ended down for the second consecutive month yesterday, despite bullish news that a spot Bitcoin exchange-traded fund (ETF) could be coming soon.

Vivek Ramaswamy, a Republican Presidential candidate, commended Grayscale's recent legal victory against the federal securities regulator, stating that the decision would play a role in retaining Bitcoin and blockchain innovation within the United States rather than abroad.

Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory for the asset manager that could pave the way for the first product of its kind. A panel of judges in the District of Columbia Court of Appeals in Washington said the securities regulator's denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment between bitcoin futures ETFs and spot bitcoin ETFs. The price of bitcoin, the world's largest cryptocurrency, was last up 5.75% at $27,609 following the decision. The ruling could be a boon for bitcoin, as a spot bitcoin ETF would provide investors the opportunity to gain exposure to the digital asset without having to purchase bitcoin via a retail exchange or custody the asset in a separate crypto wallet.

Wealth management firm Bernstein has said that the recent Grayscale victory over the Securities and Exchange Commission (SEC) will pave the way for a spot Bitcoin (BTC) ETF approval.

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management.

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024.