Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March
The next stage of legal proceedings will take place sooner than expected.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
The Securities and Futures Commission (SFC) of Hong Kong has approved CSOP's application to list its Bitcoin and Ethereum Futures ETF on the HSE on Dec. 16.
Grayscale Investments open legal action against the SEC, arguing that it is discriminatory to allow Bitcoin Futures ETFs but not a spot ETF.
According to the SEC, the surveillance agreement is crucial before it can approve any spot bitcoin-ETF, given that the market for bitcoin is highly unregulated.
The Short Inverse Cramer ETF will take the opposite position of any stocks recommended by Jim Cramer publicly on Twitter or on his Mad Money show.
Prior to Feb. 2021, GBTC was trading at a premium of up to 20%. As of Sept. 30, the share price has slipped into the discount area with its current price of $12,508 (priced with a -36.2% discount).
The Chamber of Digital Commerce said that the SEC's failure to approve a spot bitcoin ETF is forcing U.S. investors to turn to more regulated regions.