NEW: The Grayscale Bitcoin Trust is popping higher as an appeals court questioned the SEC's logic in drawing a distinction between bitcoin spot and futures prices during a hearing on Grayscale's bid to convert GBTC to an ETF. $GBTC nikhileshde reports
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.A panel of judges appeared skeptical of the U.S. Securities and Exchange Commission's arguments during an appeals court hearing in Grayscale's ongoing bid to convert its bitcoin trust into an exchange-traded fund .
Chief Judge Sri Srinivasan and Judges Neomi Rao and Harry Edwards of the D.C. Circuit Court of Appeals asked SEC Senior Counsel Emily Parise a number of questions about the agency's argument that bitcoin futures prices underlying futures ETFs were more resistant to manipulation than spot bitcoin markets might be if a spot bitcoin futures ETF was approved.
In the SEC's view, said Parise, the 99% correlation does not equate to causation, saying that figure only refers to once-a-day prices rather than intraday prices. She had earlier already mentioned that in the SEC's opinion,"it is undisputed" that spot markets for bitcoin are fragmented, in contrast with bitcoin futures which trade solely on CME.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing TuesdayGrayscale's $GBTC discount has narrowed to 42%, its lowest level in a month ahead of its oral argument ETF hearing on Tuesday. LedesmaLyllah reports
Weiterlesen »
First Mover Americas: Grayscale Bitcoin Trust at Issue in CourtAhead of grayscaleinvest day in court, the GBTC discount to its net asset value narrows and AlamedaResearch sues Grayscale over 'exorbitant' fees. LedesmaLyllah reports.
Weiterlesen »
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders – Bitcoin NewsFTX Debtors and Alameda Research have filed a lawsuit against Grayscale Investments seeking injunctive relief to unlock $9 billion in value.
Weiterlesen »
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin NewsThe SEC has filed an emergency action against Bkcoin and KevinKang in $100 million crypto fraud scheme. cryptocurrency
Weiterlesen »
The push for a bitcoin ETF is going to court. Here's what you need to knowGrayscale's court case against the Securities and Exchange Commission for a bitcoin ETF starts this week.
Weiterlesen »
While Bitcoin's Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit – Mining Bitcoin NewsMerge-mining is a process in which miners can mine various cryptocurrencies at the same time without any additional cost.
Weiterlesen »