U.S. Court Paves Way For Grayscale’s Bitcoin ETF—Sending

Aug 29, 2023 · Bitcoin nearly immediately surged 6% to above $27,800, hitting its highest level since August 17, while ether and Binance coin tacked on roughly 5% apiece and Grayscale’s …

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U.S. Court Paves Way For Grayscale’s Bitcoin ETF—Sending

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Aug 29, 2023 · Bitcoin nearly immediately surged 6% to above $27,800, hitting its highest level since August 17, while ether and Binance coin tacked on roughly 5% apiece and Grayscale’s …

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US Court Says SEC Wrong To Deny Grayscale's Spot Bitcoin ETF …

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Aug 29, 2023 · The court said in its ruling that the SEC failed to explain why it disagreed with Grayscale's assertion that the bitcoin spot and futures markets are 99.9% correlated. Story …

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FAQs about U.S. Court Paves Way For Grayscale’s Bitcoin ETF—Sending Coupon?

Is a US Court paving the way for a bitcoin ETF?

LISTEN: Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses a U.S court paving the way for a spot Bitcoin ETF. He spoke with host Doug Krizner on Bloomberg Radio. In a statement, Grayscale called the decision “a monumental step forward for American investors.” ...

Was the SEC wrong to reject grayscale Bitcoin Trust?

What did the court rule? A federal appeals court ruled that the SEC was wrong to reject Grayscale’s application to convert its flagship Grayscale Bitcoin Trust, which the SEC approved in 2015, and which holds more than $15bn in bitcoin, into an ETF. ...

Did grayscale win a court battle against the Securities & Exchange Commission?

(AP Photo/Andrew Harnik, File) NEW YORK (AP) — The cryptocurrency fund manager Grayscale won a major court battle Tuesday against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund. ...

Will the SEC approve grayscale's bitcoin ETF?

The SEC has denied all proposed bitcoin ETFs, including Grayscale's, saying they do not meet its bar for preventing market manipulation. While the ruling does not mean Grayscale's ETF is automatically approved, it is a big boost for the decade-long industry effort to advance a bitcoin ETF product. ...

Will grayscale invest in a bitcoin exchange-traded fund?

Used with permission. Grayscale Investments LLC won a key legal fight in its push to launch a Bitcoin exchange-traded fund, bringing the crypto industry to the precipice of tapping billions of dollars from everyday investors. ...

Did the Securities & Exchange Commission wrongly deny grayscale Investments a cryptocurrency fund?

Bitcoin Jumps as Court Ruling Paves Way for Cryptocurrency E.T.F. - The New York Times A federal appeals court ruled that the Securities and Exchange Commission had wrongfully denied Grayscale Investments’ application to create a cryptocurrency fund that sells on stock exchanges. Michael Sonnenshein, chief executive of Grayscale, in April. ...