Grayscale


Videos

Judges Appear Skeptical of SEC Arguments in Grayscale Bitcoin ETF Hearing

A panel of judges appeared skeptical of the SEC's arguments during Tuesday's appeals court hearing in Grayscale's ongoing bid to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. This comes as the GBTC discount to net asset value has narrowed to below 35%, its lowest point since Nov. 7, according to data from TradingView. Grayscale Investments Chief Legal Officer Craig Salm weighs in. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

Recent Videos

Markets

First Mover Americas: Bitcoin Belted by Rate Fears

The latest price moves in crypto markets in context for March 8, 2023.

Federal Reserve Chairman Jerome Powell (Drew Angerer/Getty Images)

Policy

Silvergate's Collapse May Spell Regulatory Trouble for Crypto

Silvergate’s woes are an ill omen for the broader crypto industry.

(Tim Grist Photography/GettyImages)

Markets

GBTC Discount Narrows to Lowest Level Since November Following Court Hearing

The three-judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an ETF.

Grayscale ad (Nikhilesh De/CoinDesk)

Opinion

A Dozen Reasons Why the SEC Should Have Approved Grayscale's Spot Bitcoin ETF

Gary Gensler has rejected every bitcoin exchange-traded fund application in the name of consumer protection. So why doesn't he listen to what consumers have to say?

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Policy

Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing

The panel of appeals court judges questioned the SEC's logic in drawing a distinction between bitcoin spot market prices and futures market prices.

U.S. Court of Appeals for District of Columbia Circuit (Jesse Hamilton/CoinDesk)

Markets

First Mover Americas: Grayscale Bitcoin Trust at Issue in Court

The latest price moves in crypto markets in context for March 7, 2023.

FTX court filings show millions in lawyers' fees. (slobo/Getty Images)

Markets

GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday

The closed-end fund's discount to net asset value had widened to 47% in mid-February.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Videos

SEC, CFTC Charge FTX’s Singh With Fraud Following Criminal Plea; Bitcoin ETF Dispute Heads to Court

The U.S. Securities and Exchange Commission and Commodity Futures charged former FTX director of engineering Nishad Singh with fraud allegations on Tuesday, following his guilty plea to similar charges in a federal court. Separately, Grayscale says it’s preparing to argue in court next week that the SEC inappropriately treated its bitcoin exchange-traded fund bid differently than earlier decisions approving bitcoin futures-based ETFs. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

CoinDesk placeholder image

Policy

Grayscale to Argue SEC’s Inconsistency as Bitcoin ETF Dispute Heads to Court

The company’s appeal of the Securities and Exchange Commission’s rejection of its bitcoin ETF will be argued in U.S. federal court next week in Washington, D.C.

Don Verrilli Jr. (Jesse Hamilton/CoinDesk)