Cryptocurrency Q&A
Who sided with grayscale in launching a bitcoin ETF?
Who sided with grayscale in launching a bitcoin ETF?
ShintoBlessed
Mon Jul 08 2024
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5 answers
1224
Could you elaborate on the parties that aligned with Grayscale in their initiative to launch a Bitcoin Exchange-Traded Fund (ETF)? I'm particularly interested in understanding the motivation and support behind this move. Did major financial institutions, regulators, or other industry leaders lend their support? Were there any notable partnerships or collaborations that helped facilitate the launch? Understanding the broader context and dynamics of who supported Grayscale's efforts would be quite enlightening.
5 answers
IncheonBeautyBloomingRadiance
Wed Jul 10 2024
On August 29, 2023, a landmark decision was reached in the cryptocurrency space.
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DavidJohnson
Wed Jul 10 2024
The United States Court of Appeals for the DC Circuit ruled in favor of Grayscale in its legal battle against the U.S. Securities and Exchange Commission (SEC).
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Valeria
Tue Jul 09 2024
Grayscale, a crypto asset management firm, had been seeking approval to launch a Bitcoin ETF (Exchange-Traded Fund) but faced regulatory hurdles from the SEC.
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CryptoVanguard
Tue Jul 09 2024
The ruling effectively overturned the SEC's opposition to the Bitcoin ETF, opening up new avenues for investors to gain exposure to Bitcoin through traditional financial instruments.
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Federica
Tue Jul 09 2024
Following the news, the price of Bitcoin surged significantly, reflecting the market's positive response to the decision. BTCC, a UK-based cryptocurrency exchange, also saw an increase in trading volume as investors capitalized on the price movement.
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