SEC Financial News

Grayscale Bitcoin Trust may be reaching an equilibrium after months of investor selling, Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs. Grayscale has battled to retain dominance of the bitcoin exchange-traded fund (ETF) market since rival offerings from nine other issuers emerged in January, after the U.S. Securities and Exchange Commission (SEC) approved the launch of the products after a decade-long tussle with the crypto industry.

Defiance ETFs applied for yet another leveraged crypto ETF on Monday – this time centered around Ethereum (ETH), rather than Bitcoin (BTC).

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing options trading for Bitcoin exchange-traded funds (ETFs) offered by Grayscale and Bitwise.

Philippines crypto users are unable to withdraw their funds after the country’s Securities and Exchange Commission blocked Binance. 

₹452, indicating an upside of over 86 percent from its current market price of ₹242.60. Yes Securities initiated the rating on Puravankara Ltd (PURVA) based on the following factors: (1) Presales to grow at 20 percent CAGR over FY23-26E, (2) Debt and debt coverage well under control, (3) Strong execution track record over the decade, (4) Strong P&L (profit and loss) recognition expected in next 5-7 years, (5) Paradigm shift in focus following onboarding of new CEO.

tax matters can put you in a tight spot. Having coughed up a high tax for the past three months, Shilpa Bose knows this too well. The Delhi-based marketing professional submitted investment proof and other documents before the 15 January deadline, but still ended up paying a high tax. “The finance department didn’t take into account my tax-saving investments, medical insurance premium and home loan interest payments,” she says. That’s because Bose had not specified her choice of tax regime, which put her under the new tax regime by default and made her ineligible to claim many tax deductions and exemptions. A lot of salaried taxpayers might be in the same boat. Last year’s Budget had made the new tax regime the default option for salaried taxpayers. The employees who did not inform their companies about the tax regime they preferred were automatically put in the new tax regime. OLD REGIME

Bankrupt crypto lending firm Genesis has converted approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of preparations to settle its debts with creditors. 

Tauseef Ali Farooqui, a student of IIT Guwahati, was arrested after a social media post claimed that he joined terror organization ISIS. He was a student of Biotechnology at IIT Guwahati. Touseef Ali Farooqui — a BTech student of IITG — has been arrested u/s 120(B)/121(S)/123 IPC R/w Sec 10/13 UA(P) Act. A flag of ISIS and some documents were found with him. Tauseef Ali Farooqui after joining the terrorist organization wrote an open letter on LinkedIn stating the reason for his decision. A senior police officer who does not want to be named told ET, said: “Farooqui, hailing from Delhi was a frequent visitor to Moriyapatty Jamma Masjid in Amingaon. The cleric of the Mosque Gulzar Hussain was questioned by police. Police are searching for the mobile phone of the Farooqui”.

A legal ruling regarding the fate of crypto mogul Do Kwon’s extradition from Montenegro was returned to a lower court on April 5.

The ongoing conflict between Ripple Labs and the SEC centered on the XRP lawsuit intensified on Wednesday, with Ripple’s Chief Legal Officer Stuart Alderoty accusing the SEC of failing to provide clear guidelines for crypto regulation.

The U.S. Securities and Exchange Commission on Thursday said it would pause the implementation of its new climate disclosure rule while it defended the regulation in court

Cboe Global Markets filed a request with the SEC for regulatory approval to change its rules and allow issuers to add an exchange-traded fund (ETF) share class to existing mutual funds, the exchange said on Thursday. If approved, this would allow established asset management firms to more easily expand strategies that currently exist only as mutual funds by simply adding an ETF share class, throwing open the doors to thousands of new funds.

The United States Securities and Exchange Commission (SEC) is seeking public input regarding the potential approval of a spot Ethereum (ETH) ETF, according to an April 2 court filing.

Three spot-price ether ETFs being prepared by Fidelity, Bitwise, and Grayscale are in new round of public comments after the exchanges they would be listed on filed with the SEC.

The registered investment advisor arms of independent broker-dealers are showing their cards this spring as they continue to chase clients’ advisory assets, and demonstrate their willingness to reward financial advisors as part of that pursuit.

Gurbir Grewal, the Director of the United States Securities and Exchange Commission (SEC)’s Division of Enforcement, took aim at the crypto sector for its “significant non-compliance” regarding crypto regulations Wednesday morning during remarks at Practicing Law Institute’s annual SEC Speaks event.

A New York RIA has been charged for “widespread and longstanding failures” relating to electronic communications – and fined $6.5 million.

Investing.com-- Bitcoin price fell slightly on Thursday, seeing little relief as risk appetite remained largely frail amid uncertainty over U.S. interest rates, while signs of easing capital flows also weighed. 

ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin's 65%.

SEC Commissioner Hester Peirce criticized her own agency and its controversial staff accounting bulletin, SAB 121, during Tuesday remarks at the Practicing Law Institute’s 2024 SEC Speaks annual event, claiming the federal agency is “scaring people off.”

There’s a new face and title at Hightower Advisors.