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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 ...
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 ...
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 ...
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 contracts.
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.
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 ...
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]
In an interview Monday for Yahoo Finance's All Markets Summit, Grayscale CEO Michael Sonnenshein, says that the litigation transcends its own attempts to launch a spot bitcoin ETF.