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The Grayscale Bitcoin Trust ETF doesn't manage its Bitcoin assets for nothing. It charges a 1.5% expense ratio for its services. Additionally, the ETF buys Bitcoin continually, so it's essentially ...
Grayscale was founded in 2013, launching a bitcoin trust that year. [4] In 2015, the company became a subsidiary of Digital Currency Group. [5] The same year, Grayscale Bitcoin Trust (OTCQX: GBTC) began trading over-the-counter on the OTCQX market, becoming the first publicly traded bitcoin fund in the United States.
In anticipation of a victory, BlackRock filed for a spot Bitcoin ETF in June 2023—a signal to many that approval was inevitable. After Grayscale won its case in August, the timeline was set in ...
Grayscale filed to list shares of a new investment product, the Grayscale Bitcoin Mini Trust, which will receive a certain amount of bitcoin held by GBTC. In exchange, current GBTC shareholders ...
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
Grayscale’s GBTC, the trust that the asset manager successfully sued the Securities and Exchange Commission to convert into an ETF—is the only issuer, due to a technicality, that's free to ...
Grayscale sued the SEC, arguing that because the agency previously approved certain surveillance agreements to prevent fraud in bitcoin futures-based ETFs the same setup should be satisfactory for ...
The judges concluded that the SEC was "arbitrary and capricious" when it denied Grayscale's conversion application in 2022 after previously approving ETF products that held bitcoin futures ...