ETF
SEC Rejects Ark 21Shares Spot Bitcoin ETF; Tesla’s Q4 Bitcoin Strategy
U.S. Securities and Exchange Commission (SEC) rejected a joint effort by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund (ETF) for the second time. Plus, the latest on electric car maker Tesla (TSLA) not buying or selling any bitcoin (BTC) in the fourth quarter.
Grayscale Exec on Appeal of SEC's Decision on Bitcoin ETF
The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the SEC's decision to deny the conversion of the Grayscale Bitcoin Trust (GBTC) into an ETF. Grayscale Investments Chief Legal Officer Craig Salm discusses the case, hopes for a U.S. spot bitcoin ETF approval, and outlook for GBTC. Grayscale is owned by Digital Currency Group, which also owns CoinDesk.
Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision; Celsius Developments
Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. Separately, a date has been set to begin hearing oral arguments in Grayscale Investment’s appeal of the SEC decision to deny the conversion of GBTC into an ETF. Grayscale and CoinDesk are both owned by DCG. Separately, Celsius Network is planning to reinvent itself as a new, publicly traded "recovery corporation" to exit the bankruptcy process.
Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision
Arguments will begin on March 7, sooner than Grayscale had expected.
Grayscale Bitcoin Trust Discount Reaches Record 50%
The shares have not traded at a premium to bitcoin since last March.
Digital Asset Manager Valkyrie Lays Off 30% of Staff: Bloomberg
The provider of crypto exchange-traded funds has trimmed its 23-person workforce
Hong Kong Government Reconsiders Stance on Virtual Asset ETFs, Tokenized Securities, Retail Investors
The government says it's ready to engage with virtual asset service providers and invite them to the city.
A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market by 1.8%
The underperformance has been far lower than estimated, thanks to the bear market.
WisdomTree Exec 'Not Surprised' by SEC's Spot Bitcoin ETF Rejection
The U.S. Securities and Exchange Commission (SEC) rejected WisdomTree's application for a spot bitcoin ETF this week. WisdomTree Head of Digital Assets Will Peck discusses why he's "not surprised" by the SEC's decision and the outlook for ETFs. Plus, his take on Grayscale calling its spot bitcoin ETF rejection "arbitrary, capricious and discriminatory."
Valkyrie to Liquidate Bitcoin Balance Sheet ETF After Limited Uptake
The crypto native investment shop’s Nasdaq-listed fund never really caught on with investors.
