ETFs

Grayscale Bolsters Legal Team With Top Obama Lawyer Ahead of Spot ETF Decision

Grayscale has hired Donald B. Verrilli Jr. as the firm continues its push to get its bitcoin trust converted into a spot bitcoin ETF.

It's the latest in the agency's string of rejections of spot bitcoin ETF applications.

The initial application for a spot bitcoin ETF was rejected in April.

The new funds are its first crypto products for U.S. customers and will only be available to accredited investors.

The Grayscale Future of Finance exchange-traded fund will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana.

Par Jamie Crawley16 mai 2022

The decisions by three issuers come after the collapse of algorithmic stablecoin UST along with the LUNA ecosystem.

Crypto has gained much adoption and trust over the past two years, but some advisors are still holdouts.

The battle to keep investors engaged and optimistic becomes harder during drawdowns.

Investors opted for a cautious approach during intense volatility on the opening day of three crypto funds.

Par Oliver Knight12 mai 2022

The SEC to date has approved several futures-based bitcoin ETF products, but has delayed or outright rejected all spot bitcoin ETF applications.

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