SEC delayed decision on Grayscale’s bitcoin ETF launch
The Commission wants to explore the company’s capabilities to crack down on fraudulent activity on the spot market
07.02.2022 - 11:05
480
1 min
0
What’s new? The US Securities and Exchange Commission (SEC) has decided not to rule yet on Grayscale Investments’ application to launch a spot bitcoin ETF. This is according to a message published on the agency’s website.
Link to the material on the SEC website
Why did the SEC delay its decision? The Commission stated that it needs time to explore Grayscale Investments’ capability to crack down on fraudulent activity on the spot market. The SEC awaits public comments over the next 21 days.
What had happened before? In early February, it became known that Grayscale Investments is launching its first exchange-traded fund (ETF). The new ETF has already been added to the New York Stock Exchange listing under the ticker GFOF.
GFOF, or “Future of Finance” ETF, includes shares of 22 companies that operate in the field of cryptocurrencies and have added bitcoin and other digital assets to their product lineup.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024