Grayscale, the world’s largest digital asset manager, is now one step closer to launching a Bitcoin spot exchange-traded fund (ETF) after its application was allowed to progress by the SEC. With a new roadmap for success, its Bitcoin-backed ETF could be on the way soon.
The crypto community is joyous following an announcement by Grayscale Investments that it plans on making it easier to purchase digital coins. Despite the rejoicing, it remains uncertain what the true economic implications of the swap will be.
The SEC’s latest court victory against Grayscale Investments puts the agency in an intriguing “will-they, won’t-they” position starring Chairman Gary Gensler.
Grayscale Investments, LLC has reached a settlement with Fir Tree Partners, ending the firm’s lawsuit over proposed changes to the Grayscale Bitcoin Trust. The financial terms of the settlement were not disclosed.