Rejects valkyrie kryptoin bitcoin trusts
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- The US SEC rejected the digital-asset manager’s application to convert the Grayscale Bitcoin Trust (ticker GBTC) into a physically-backed ETF
Sec rejects valkyrie bitcoin trusts Investors and investment managers have anxiously been awaiting a decision from the SEC on the approval of Bitcoin ETFs, which would have to be traded on the “exchange” — in other words, on the stock market (and therefore, only during the hours the stock market is open). Right now, cryptos don’t have any such limitations and can be traded anytime.
Rejects valkyrie bitcoin trusts
"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith." Want to know more? Valkyrie had already had an application for a Bitcoin futures ETF approved by default. So the rejection of its spot ETF came as something of a surprise. Indeed, some analysts seem to have expected the SEC's default approval of Bitcoin futures ETFs for Valkyrie and ProShares in October to open the floodgates for approval of spot Bitcoin ETFs.
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“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments.” Does GRAYSCALE BITCOIN TRUST by Grayscale Bitcoin Trust (BTC) (GBTC) pay a dividend? The District of Columbia Court of Appeals has scheduled a date to hear oral arguments in Grayscale's lawsuit contesting the Securities and Exchange Commission's decision to deny the conversion of its Grayscale Bitcoin Trust to an exchange-traded fund.
Sec rejects valkyrie kryptoin bitcoin
US regulators have denied Grayscale Investments LLC’s bid to convert the world’s biggest crypto trust into an exchange-traded fund. The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on the NYSE Arca exchange. Share on Social Media Persons with a dominant position in Bitcoin manipulating Bitcoin pricing