• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INDIA

Bitcoin ETF: SEC Delays Decision On Grayscale’s Oct. 2021 Bitcoin ETF Again

CB4U by CB4U
February 5, 2022
in INDIA
0
Bitcoin ETF: SEC Delays Decision On Grayscale’s Oct. 2021 Bitcoin ETF Again
0
SHARES
41
VIEWS
Share on FacebookShare on Twitter

On 4th February 2022, U.S. SEC announced delaying its ruling for Grayscale’s BTC ETF application. In October 2021, Grayscale registered its application with the SEC. The file stated Grayscale BTC Trust transformation into bitcoin spot ETF.

Formerly, the SEC has abandoned spot bitcoin ETF applications from Fidelity, Krypton, SkyBridge, and WisdomTree. The judgment that’s to be passed onto Grayscale’s pending application is reported to be set back by the U.S. Securities and Exchange Commission (SEC). Grayscale is the largest digital asset manager globally with $36.5 billion in assets. No wonder, the SEC’s notice broadcasted on Friday didn’t state anything exceptional. Because the notice is connected with Grayscale’s pending application.

SEC Demands “Written Compliances”

The SEC has particularly demanded ‘written compliance from the applicant.’ The 10-page long notice details about this demand to be fulfilled by the interested persons belonging to the general public. SEC called for the written comments related to the general public’s views, data, and arguments. These views must highlight the regulator’s former concerns about market fraud, manipulation, and overall market liquidity.

The notice states that the public can occupy only 21 days from today to present the written data, views, and arguments. Based on the written application, it’s to be decided whether to approve or reject Grayscale’s application. The interested group of people from the general public can submit their comments to the SEC either electronically (via email) or via paper. The following email address can be used ‘[email protected]’ with the subject line ” File Number SR-NYSEArca-2021-90.

SEC’s Model to Reject Spot ETF Applications

Grayscale cataloged its application in October 2021 for converting shares of its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. But, in December 2021, the SEC announced postponing its decision on Grayscale’s application. This decision was concerning market fraud, manipulation, and transparency. Grayscale’s recent tweet showcases that it has $36.5 billion in assets under management. Lately, on February 4, 2022, Grayscale tweeted again stating its GBTC product accounted for over 71% of its total assets.

Advertisement Banner
Previous Post

Shiba Inu HEADS UP!!! WHY ARE THESE INVESTORS BUYING THIS CRYPTO!?

Next Post

A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum – Bitcoin News

CB4U

CB4U

Next Post
A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum – Bitcoin News

A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum – Bitcoin News

Discussion about this post

RECOMMENDED

Earn up to 9% Yearly When You Stake Your TRON

Earn up to 9% Yearly When You Stake Your TRON

5 months ago
URGENT MESSAGE FOR CRYPTO INVESTORS

URGENT MESSAGE FOR CRYPTO INVESTORS

5 months ago

DON'T MISS

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

June 26, 2022
Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

June 26, 2022
This Airline Will Accept Crypto Through BitPay

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

June 26, 2022
BIG CRYPTO NEWS TODAY 🚨 THIS IS BIG! 🔥 TERRA LUNA CLASSIC BURN UPDATE !🚨 🔥 🌌 BTC NEWS TODAY 🌛

BIG CRYPTO NEWS TODAY 🚨 THIS IS BIG! 🔥 TERRA LUNA CLASSIC BURN UPDATE !🚨 🔥 🌌 BTC NEWS TODAY 🌛

June 26, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

June 26, 2022
Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

June 26, 2022
This Airline Will Accept Crypto Through BitPay

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

June 26, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H