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Top related persons:
Dado Ruvic - 1 Grayscale's - 1 Donald Verrilli Jr - 1 Hannah Lang - 1 Michelle Price - 1 Nick Zieminski - 1
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bitcoin U.S Washington
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REUTERS - 1 U.S - 1 District of Columbia - 1 Securities and Exchange Commission - 1 SEC - 1 New York Stock - 1 Arca - 1 Chicago Mercantile Exchange - 1

Search resuls for: "Donald Verrilli Jr"


3 mentions found


☆ Explainer: Understanding Grayscale's victory in spot bitcoin ETF case
  + stars: | 2023-08-29 | by ( Hannah Lang | Thomson Reuters | Hannah Lang Covers Financial Technology | ) www.reuters.com   time to read: +5 min
The case has been closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. While the agency has rejected spot bitcoin ETFs, it has approved bitcoin futures ETFs, which track agreements to buy or sell bitcoin at a pre-agreed price. Grayscale argued that the bitcoin futures ETF surveillance arrangements should also be satisfactory for Grayscale's spot ETF, since both products rely on bitcoin's underlying price. Bitcoin futures ETFs track bitcoin futures that trade on the Chicago Mercantile Exchange (CME), the chief venue for those products. The court's panel of judges said Grayscale showed that its proposed bitcoin ETF is "materially similar" to the approved bitcoin futures ETFs.
Persons: Dado Ruvic, Grayscale's, Donald Verrilli Jr, Hannah Lang, Michelle Price, Nick Zieminski Organizations: REUTERS, U.S, District of Columbia, Securities and Exchange Commission, SEC, New York Stock, Arca, Chicago Mercantile Exchange, CME, bitcoin, Supreme, Nasdaq, BlackRock, Fidelity, Thomson Locations: bitcoin, U.S, Washington
☆ US court questions SEC's rejection of Grayscale's bitcoin fund proposal
  + stars: | 2023-03-07 | by ( Hannah Lang | Industry Insight | Law Firm Leaders Express The Benefit Of Strategy | ) www.reuters.com   time to read: +4 min
Bitcoin futures ETFs track bitcoin futures contracts, or agreements to purchase or sell bitcoin at a certain price on a specified date. A spot bitcoin ETF would track bitcoin's underlying market price. Proponents say a spot bitcoin ETF would give investors exposure to bitcoin without directly buying it. He told Reuters in January that Grayscale would appeal the case if the court backed the SEC's decision to reject its bitcoin ETF proposal. Grayscale Bitcoin Trust, launched in 2013, has $14 billion in assets under management, according to Grayscale’s website.
☆ Court set to hear arguments in Grayscale's lawsuit against SEC over bitcoin fund
  + stars: | 2023-03-07 | by ( Hannah Lang | Industry Insight | Law Firm Leaders Express The Benefit Of Strategy | ) www.reuters.com   time to read: +4 min
Bitcoin futures ETFs track bitcoin futures contracts, or agreements to purchase or sell bitcoin at a certain price on a specified date. A spot bitcoin ETF would track bitcoin's underlying market price. Proponents say a spot bitcoin ETF would enable investors to gain exposure to bitcoin without directly buying it. The agency has denied more than a dozen spot bitcoin ETF applications, all of which it said lacked surveillance-sharing agreements to detect potential manipulation. Grayscale Bitcoin Trust, launched in 2013, has $14 billion in assets under management, according to Grayscale’s website.
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