Grayscale to convert its Ethereum Trust to a spot ETH ETF: Will that boost institutional interest in altcoins
Key takeaways Grayscale has filed to convert its Ethereum Trust to a spot ETH exchange-traded fund (ETF). Shiba Memu’s presale has now officially surpassed the $3.5 million mark. The cryptocurrency…
Grayscale files to convert its Ethereum Trust into a spot Ethereum ETF
Grayscale is seeking for SEC’s approval to convert its Ethereum Trust to an Ethereum ETF. Grayscale’s Ethereum Trust manages nearly $5 billion in Ethereum assets. Transition to spot ETF offers…
BREAKING: Bitcoin hits $28k after Grayscale win against SEC
Bitcoin price rose to highs of $28,142 on crypto exchange Bitstamp on Tuesday. The gains came as the crypto market reacted to news of Grayscale’s win against the SEC. Bitcoin…
Grayscale secures a big win against SEC in Bitcoin ETF case
U.S. court rules in favour of Grayscale in its lawsuit against SEC. Today’s ruling paves the way for the first U.S. Bitcoin ETF. Bitcoin and Ethereum jumped over 5.0% following…
SEC staff suggest Filecoin (FIL) is a security: Grayscale
Grayscale says it disagrees with SEC’s staff over suggestions that Filecoin (FIL) is a security. The letter from the SEC staff was sent on 16 May 2023, after Grayscale applied…
Grayscale Bitcoin Fund up 25% this year, but discount still killing investors
Key Takeaways GBTC Fund is up 25% since the start of the year, compared to a 4% rise in the underlying asset, Bitcoin The discount is now back to where…
We are going to see more regulation and consolidation in the industry, says Grayscale CEO
Grayscale’s CEO says the company has been through the crypto winter before. Sonnenshein expects more regulation and consolidation in the cryptocurrency industry. However, he believes crypto, as an asset class,…