The decision, which comes after a legal battle and months of anticipation, may signal a shift in the regulatory landscape towards the approval of a spot Bitcoin ETF.
Grayscale faces a lawsuit for allegedly mismanaging their Grayscale Bitcoin Trust as well as conflicts of interest. Shareholders are invited to join the case.
Valkyrie Investments has laid out a proposal to become the new sponsor and manager of Grayscale’s troubled bitcoin trust (GBTC) and fix its large discount.
The Grayscale Bitcoin Trust is considering a tender offer that would aim to return investor capital if the SEC keeps blocking its conversion to a spot ETF.