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The decision in favor of Grayscale Investments was a major win for the industry as it pushes for wider mainstream exposure to digital assets. It was a blow to the SEC, which is in the middle of a ...
NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments to create a ...
However, Grayscale has said it will not seek Regulation M status as without first trying to win its lawsuit against the SEC for not approving its application to convert the trust into an ETF.
GBTC became an SEC-reporting bitcoin investment fund in 2020. As such, it files publicly available financial disclosure forms, including the quarterly Form 10-Q and annual Form 10-K. [11] In 2021, the company added Grayscale Solana Trust to its portfolio, the 16th such fund it manages. [12] The company managed digital assets totalling $50 billion.
The bankruptcy of FTX, a Bahamas -based cryptocurrency exchange, began in November 2022. The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, [1] served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over ...
Established in 2013, Grayscale Investments is a digital currency asset manager. [38] It offers funds privately for institutional and accredited investors [39] and publicly-traded products. [40] Grayscale was the world’s largest asset manager for digital currency, as of December 2021, with more than $50 billion in assets under management. [7]
A lawsuit filed Thursday against Grayscale parent company Digital Currency Group may complicate its application. Skip to main content. 24/7 Help. For premium support please call: 800-290 ...
David Hollerith. March 7, 2023 at 11:04 AM. On Tuesday, shares of Grayscale's Bitcoin Trust (GBTC) rose as much as 16% following an oral argument hearing in the company's lawsuit against the SEC ...