
April 30th, 2025
SEC’s discussion with top applicants of spot Bitcoin ETF continue as BTC price has rallied past $41,532 in a fresh surge.
Grayscale is hoping that the proposed changes to GBTC’s Trust Agreement would help both the company and GBTC to achieve operational efficiencies.
Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares.
The SEC website showed one memorandum with details of a discussion with BlackRock, and another one on a discussion with Grayscale.
JPMorgan expects strong liquidation of the GBTC shares. Finance giant Ark Invest has already liquidated 700,000 shares over the last month.
Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca.
Grayscale is poised to enter the ETF market on the first day with $20 billion in assets under management, even with the involvement of BlackRock.
The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market.
While the crypto community eagerly awaits the SEC’s decision regarding Grayscale’s ETF application and others, SEC Chair Gary Gensler remains cautious in sharing specific details about the commission’s next steps.
While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs.
Most predictions are optimistic about a Bitcoin bull run considering the expected spot ETF approval and the upcoming halving.
Experts continue to speculate on what the SEC’s next course of action regarding crypto-based ETF applications could be.
In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale.
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
As Bitcoin extends its rally to $35,000 clocking over 100% gains for 2023, let’s take a look at some crypto firms that have outperformed Bitcoin.