• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Grayscale is getting ready to submit a Bitcoin ETF application

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Cryptocurrency investment company Grayscale ideas to apply to convert the world’s biggest Bitcoin fund, Grayscale Bitcoin Trust (GBTC), into an ETF earlier this week.

Grayscale is preparing to submit a Bitcoin ETF application
Grayscale is getting ready to submit a Bitcoin ETF application

Grayscale produced no secret of its intention to seek out approval for a Bitcoin-based mostly ETF in July, with a dedication to flip the GBTC fund into a Bitcoin ETF by CEO Michael Sonnenshein. In response to the SEC’s opening move final week with two ETFs from Valkyrie and ProfessionalShares, Grayscale quickly jumped into action.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

Once the application is submitted, the SEC will have 75 days to evaluate it. Grayscale’s supply, nonetheless, declined to disclose the company’s precise filing date. If authorized, the Grayscale ETF will be a milestone in the “revolution” of the whole cryptocurrency sector. Note, Grayscale is the biggest crypto fund in the planet at the minute.

The approaching launch of a Bitcoin futures ETF, when major, is viewed by some cryptocurrency traders as an incomplete stage as the products will be linked to derivative contracts.

And Grayscale’s Bitcoin fund products represents a BTC-backed investment, not derivatives tied to the marketplace-top cryptocurrency. Grayscale holds a major portion of the world’s Bitcoin stored thanks to the Grayscale Bitcoin Trust (GBTC). GBTC now has $ 38.seven billion in assets underneath management (AUM).

UPDATE OF 15/ten/21: Net Assets underneath Management, Holdings per Share and Market Price per Share for our Investment Products.

Total AUM: $ 52.six billion$ BTC $ BAT ONLY $ BCH $ LINK $ MANA $ ETH $ ETC $ FIL $ ZEN $ LTC $ LPT $ XLM $ ZEC $ UNI $ AAVE $ COMP $ CRV $ MKR $ SUHI $ SNX $ YFI $ UMA $ BNT $ ADA $ SOL pic.twitter.com/H095pF7htL

– Grayscale (@ Grayscale) October 15, 2021

Grayscale’s move could be a new try to force the SEC to reconsider. If the SEC is comfy with Bitcoin futures, the regulator need to really feel the identical with the spot marketplace. Of program, the SEC can nevertheless pick to delay or deny the application, as has been the situation in the previous.

Some analysts declare that Grayscale Bitcoin Trust (GBTC) has shares that are by now traded on the exchange, so there is no probability that Grayscale will get approval for the latest approach to convert to a supported ETF anytime quickly backed by cryptocurrencies. .

Synthetic Currency 68

Maybe you are interested:


Join the chat group Coinlive Chats Let’s go over scorching subjects of the DeFi marketplace with Coinlive admin staff !!!


Maybe you are interested:

Tags: applicationBitcoinETFGrayscalepreparingsubmit
Share76Tweet48

Related Posts

LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation

by shark
June 6, 2025
0

LayerZero's CEO highlights suspected Hyperlane wash trading, impacting token distribution and sparking industry debate.

Coinbase Adds Fartcoin and Subsquid to Listing Roadmap

by shark
June 6, 2025
0

Coinbase lists Fartcoin and Subsquid, boosting their market visibility and trading volumes.

Elon Musk Supports Trump’s Impeachment, Favors JD Vance

by shark
June 6, 2025
0

Elon Musk backs Trump impeachment, hints at replacing him with JD Vance. SpaceX Dragon decommissioning impacts U.S. space missions while...

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

by shark
June 6, 2025
0

Donald Trump proposes terminating Elon Musk's government subsidies, affecting markets and contracts.

Circle’s Stock Soars on NYSE Debut

by shark
June 6, 2025
0

Circle's stock opened at $69 on its NYSE debut, showcasing strong investor interest and marking a significant step in the...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation
  • Coinbase Adds Fartcoin and Subsquid to Listing Roadmap
  • Elon Musk Supports Trump’s Impeachment, Favors JD Vance
  • Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction
  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7