How Everyone Can Win From the Grayscale Bitcoin ETF Decision, Including the SEC

Should the SEC wish to challenge the federal judge’s conclusions in the Grayscale decision, the company’s application could simply be denied again for a different (or even an analogous) reason. That course of action becomes problematic quickly. The last thing any lawyer wants to do is upset a federal judge. That is a terrible idea, if the […]

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WisdomTree and Invesco Galaxy Spot Bitcoin (BTC) ETF Applications Delayed by SEC

Judge Neomi Rao, writing for the unanimous court, said the SEC’s denial of the application was inconsistent with the approval of a pair of bitcoin futures ETFs, and did not explain why it viewed these types of products differently given the underlying bitcoin market had a “99.9% correlation” between spot and futures market prices. Grayscale’s […]

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BlackRock Bitcoin $BTC ETF Application Refiled, Naming Coinbase $COIN as ‘Surveillance-Sharing’ Partner

Several other pending applications, including one on behalf of BlackRock’s money-management rival, Fidelity, have since been updated to name Coinbase as the partner for the surveillance-sharing agreements. The sponsor of a bitcoin trust must enter a surveillance-sharing agreement with a regulated market of significant size to secure a go-ahead from regulators, based on a reading […]

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