In a scathing response to SECGov, digital asset manager Grayscale called the regulator's refusal to approve a spot bitcoin ETF “fundamentally unreasonable.” By iamsandali
has approved multiple applications
to set up futures-based bitcoin ETFs, which are trade agreements to be executed at a future date and price, the regulator has said spot bitcoin ETFs are vulnerable to “fraudulent and manipulative conduct." Grayscale countered that argument Friday. It said that"a successful manipulation of prices in the spot bitcoin market would necessarily affect the price of bitcoin futures as well – and, therefore, the value of bitcoin futures ETPs’ holdings." Grayscale called the SEC's reasoning"illogical."
Grayscale also accused the SEC of exceeding its statutory authority, saying the agency"is not permitted to decide for investors whether certain investments have merit." Final briefs on the case are due Feb. 3, after which three judges will be selected and the court will share a schedule for the lawsuit’s oral arguments, Grayscale Chief Legal Officer Craig Salm said in a separateGrayscale's parent company, Digital Currency Group , and its founder and CEO, Barry Silbert, have come underDCG is also the parent company of CoinDesk.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin mining ETF tops equity ETF market in new year's performance chartsBitcoin started the year on a bullish front both on the spot market and the traditional ETF market as welll.
Consulte Mais informação »
Grayscale bitcoin and ethereum trusts generate billions in feesFees are a boon for those who charge them, and a noose for those who pay them.
Consulte Mais informação »
Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interestWill 2023 be the year of the ETF? A subsidiary of Samsung's investment arm is set to list the 'Samsung Bitcoin Futures Active ETF' on the Hong Kong stock market.
Consulte Mais informação »
Samsung Bitcoin Future Active ETF to Hit Hong Kong Stock Market on Jan 13Samsung's new Bitcoin ETF listing targets both retail and institutional investors.
Consulte Mais informação »
Samsung investment arm considering spot-Bitcoin ETF in Hong KongSamsung Asset Management and CSOP Asset Management launched three Bitcoin futures-based Bitcoin ETFs in the city within the last month and is now looking at opportunities for a spot Bitcoin ETF.
Consulte Mais informação »
‘What a Queen’: Artists React to Shakira’s Hard-Hitting Bizarrap Music SessionSee how artists are reacting to Bizarrap's newest music session with Shakira, in which she slams ex Gerard Piqué!
Consulte Mais informação »