Central issues: The SEC has decided not to pursue a court deciding that found its dismissal of the Grayscale Bitcoin ETF application was out of line. This choice could speed up the survey cycle of Grayscale’s application to change over its GBTC into a spot Bitcoin ETF. The move denotes a huge improvement in the…
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Key Points: With $16 billion spread across 1,750 addresses, Grayscale’s Bitcoin Trust is the world’s second largest Bitcoin holder, according to Arkham Intelligence. The extensive crypto presence of the company is revealed, despite privacy efforts. Grayscale’s Bitcoin Trust is fighting the SEC in court to become an ETF in the face of changing regulations. Blockchain…
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Central issues: Alameda Exploration looks for help from GBTC investors in a claim against Grayscale and DCG. Share redemption prevention and excessive fees are the subject of the lawsuit. Grayscale faces legitimate strain in the midst of more extensive GBTC rebate. Alameda Research, a bankruptcy-prone cryptocurrency investment firm, is asking shareholders who own at least…
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Key Points: Grayscale’s DeFi Fund now has Lido’s Token Staking Protocol. With 19.04 percent of the fund, LDO ranks second only to UNI’s 45.46 percent. Grayscale claimed that it modified the DeFi fund’s portfolio by purchasing LDO with the proceeds from the sale of a predetermined number of existing tokens based on the weight of…
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