Securities and Exchange Commission’s ‘Regulation by Enforcement’ Is Stalling Crypto, Grayscale CEO Says in WSJ
Grayscale Investments CEO Michael Sonnenshein bashed the Securities and Exchange Commission’s “one-dimensional approach of regulation by enforcement” in a letter to The Wall Street Journal.
What is Grayscale Investments?
Grayscale Investments is a company that manages cryptocurrency trusts and other investment products. How does it work? How is it evolving? Let’s see!
Grayscale Sends Reply Brief to SEC in ETF Suit
Grayscale responded to the denial in court by claiming that the SEC had acted arbitrarily in treating spot traded exchange-traded products differently than futures traded products. It stated:
Grayscale Slams SEC's 'Unreasonable' Barring of Spot Bitcoin ETFs
In a new court filing, digital asset management company Grayscale is calling out the U.S. securities regulator for its "illogical" and "fundamentally unreasonable" argument against the approval of a spot bitcoin exchange-traded fund (ETF).
Grayscale Says Recent Events Will Not Affect GBTC Conversion Case Against SEC
Grayscale’s chief legal officer Craig Salm said on Jan. 12 that he does not expect the recent spate of events in the crypto space to impact its case against the SEC.
Questions Raised As Grayscale Reportedly Moved 21K BTC on Dec 31st
Grayscale Investments, an American digital asset manager and a Digital Currency Group (DCG) subsidiary, is reported to have moved about 21K BTC on Dec 31st. The assets were moved at an on-chain realized loss of 60%, significantly impacting the SOPR metric, as it declined to 0.93. While it has raised eyebrows, investigations suggest it was a harmless fund flow.
What is a cryptocurrency ETF?
Crypto-ETFs make it easier for stock market investors, both institutional and retail, to invest in cryptocurrency.
Grayscale’s Bitcoin Trust (GBTC) Shares Jump 12%, Narrowing Discount to 38%
Grayscale’s Bitcoin Trust (GBTC) shares rose 12% on Jan. 9 to $9.65 and narrowed the discount to its net asset value to 38.55% — its largest one-day increase since February 2022, according to YCharts data.
Grayscale Bitcoin Trust Shares Jump 12%, Narrowing Discount
Shares in the troubled Grayscale Bitcoin Trust (GBTC) surged on Monday, narrowing its discount from Bitcoin.
AVAX Value Drops by 2% Following Grayscale Removal of Avalanche From Large Cap Fund
In its latest quarterly update, Grayscale announced the rebalancing of funds for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a certain amount of its Digital Large Cap Fund and dumped its held tokens, including Avalanche Network token AVAX.
