Grayscale Files Amended ETF Application Following Silbert’s Resignation
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.
Barry Silbert, the founder of the Bitcoin Investment Trust, was interviewed by Mauldin Economics’ Worth Wray about the future of Bitcoin.
The amended ETF application came after a series of meetings between Grayscale and the SEC in December.
In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday.
The ranking provides a measure of the credibility and perceived influence of these personalities in the eyes of the crypto community.
The decision by Genesis Global Trading (GGT) to wind down its business was reportedly voluntary and is currently working with regulators to ensure an orderly closure of services.
Winklevoss has now asked DCG to repay a total debt of $1.46 billion or face a lawsuit.
Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan.
In the lawsuit, FTX said that Grayscale has been charging exorbitant management fees. They noted that “Grayscale’s actions have resulted in the Trusts’ shares trading at approximately a 50% discount to Net Asset Value”.
Ever since the fallout with the Earn Program, Gemini has been the center of scrutiny for both regulatory bodies and crypto customers.
The SEC also revealed that Genesis and Gemini generated assets worth hundreds of dollars from hundreds of thousands of investors.
The master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.