BTC gains shortlived as SEC delays ETP decisions
BTC has given back almost all of the gains from Grayscale’s victory over the SEC, where a federal court ordered the securities regulator to reconsider its decision to deny a proposed spot BTC ETP.
Latest ETF News
Embattled Coinbase unveiled as BlackRock’s ETF partner
While the new filings may be seen as a hopeful sign of a spot BTC ETF possibly gaining an approval, a start remark from the SEC says otherwise.
SEC tells Grayscale that Filecoin is a security
Filecoin Trust is an investment vehicle owned by Grayscale which solely invests in the Filecoin digital asset, offering investors exposure to the underlying coin without owning it directly.
SEC shoots down Ark Investment’s BTC spot ETF for second time
The SEC first shot down the ETF application by Ark and 21Shares in March 2022, and though they refiled in May, the regulator still shot it down.
Valkyrie lets go 30% of its staff amid chaos in the digital currency industry
Valkyrie becomes the latest digital asset company to initiate a job cut as it grapples with unpleasant market conditions, with CEO Leah Wald saying 30% of the firm's workforce will be terminated.
Hong Kong issues new guidelines for digital currency futures ETF
For now, only BTC and ETH futures can be listed, but the Securities and Futures Commission states that it is mulling over a potential expansion of the scope of virtual asset futures.
A digital currency ETF was finally approved in the United States
Spot ETFs are repeatedly rejected by the SEC because the spot market for digital assets is highly unregulated, among several other concerns the agency has, such as market manipulation.
SEC shoots down WisdomTree’s BTC spot ETF, cites market manipulation
The U.S. securities regulator previously shot down WisdomTree’s spot ETF application on the same ground, even as Grayscale sues the agency for “discriminatory” ETF rejections.
‘Crypto Mom’ Hester Peirce slams SEC for regulatory ambiguity, supports spot ETF
In a recent speech, Hester Peirce claimed that the SEC has refused to engage with the Bitcoin industry and said it held the sector to an impossibly high standard.
SEC dismisses 2 more BTC spot ETF applications from NYDIG, Global X
The U.S. securities regulator hasn’t changed its mind about BTC spot ETFs and insisted that the underlying market is still prone to fraud and price manipulation in its rejection.
South Korea’s largest bank to launch a digital asset investment fund
Kookmin Bank plans to launch the exchange traded fund once there are regulations in place for such a product and that it will target retail investors.
SEC seeks public feedback on Grayscale’s BTC spot ETF application
The U.S. regulator is requesting for public feedback on the ETF application, which seeks to convert shares of the Grayscale Bitcoin Trust (GBTC) into a spot ETF, the first of its kind in the U.S. market.