Grayscale Partners With Jane Street, Virtu Financial For Pending Spot Bitcoin...
Grayscale has signed on two leading market makers to serve as authorized participants in its upcoming spot bitcoin ETF, pending SEC approval.Grayscale Investments signed Jane Street and Virtu Financial as authorized participants for its pending spot bitcoin ETF.Grayscale’s application to convert its bitcoin fund into an ETF has a deadline of July 6.Should the SEC deny, or further delay Grayscales application, the fund is prepared to sue the SEC. Grayscale Investments announced it will work with market-makers Jane Street and Virtu Financial as authorized participants for its spot bitcoin....
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The idea that Jane Street is single-handedly the reason why Bitcoin is not trading at $150,000 is the wrong frame, according to ProCap CIO and Bitwise advisor Jeff Park. In a X thread February 25, Park argued that the real issue is not one firm, but a structural feature of the US spot Bitcoin ETF system that gives all authorized participants unusual flexibility in how they hedge and settle trades. Is Jane Street Suppressing Bitcoin? Park’s core point is that the market has turned a question about Jane Street into a question about the ETF plumbing itself. On IBIT alone, he noted, the....
Nearly four years after one of crypto’s most destructive failures erased tens of billions of dollars in value, the collapse of Terraform Labs has returned to the courtroom. Related Reading: Strategy Makes 100th Bitcoin Purchase, Total Holdings Reach 717,722 BTC A new lawsuit filed in a U.S. federal court accuses trading giant Jane Street of […]
Jane Street, one of the world’s largest market-making firms, has come under growing scrutiny as a series of allegations have surfaced linking the company to major disruptions in the crypto market. The firm is already facing a federal lawsuit tied to the collapse of Terraform Labs, and now new claims circulating on social media suggest that Trump Media has accused Jane Street and other trading firms of “naked short selling” in a letter to Congress. Jane Street Rejects Terra Allegations The legal troubles began earlier this week. On February 23, a lawsuit was filed in the US District Court....
In a recent development, analysts at asset management firm Bernstein have predicted when the US Securities and Exchange Commission (SEC) will likely approve the first Spot Bitcoin ETF. When Will The First Spot Bitcoin ETF Be Approved? According to the analysts, the pending Spot Bitcoin ETF applications could be approved early next year. They made this projection in line with the recent court ruling in the Grayscale case, which they believe could force the SEC’s hands. Related Reading: $200 Million In Crypto Lost As Mixin Network Comes Under Attack The court had ruled in favor of Grayscale....
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin exchange-traded fund (ETF).
Grayscale Takes SEC to Court Over Spot Bitcoin ETF Application
Grayscale Investments filed a “petition for review” Wednesday challenging the decision by the U.S. Securities and Exchange Commission (SEC) to deny the company’s application....