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Search resuls for: "Craig Salm"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpot bitcoin ETFs are no longer a matter of if, but when: Grayscale's chief legal officerGrayscale Chief Legal Officer Craig Salm sat down with CNBC Crypto World in Washington, D.C. to discuss what he believes will happen with the asset manager's plans to convert its bitcoin and ethereum trusts into ETFs.
Persons: Craig Salm Organizations: CNBC Crypto Locations: Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin hits highest level since May 2022 to kick off December: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Grayscale Chief Legal Officer Craig Salm discusses what he believes will happen with the asset manager's plans to convert its bitcoin and ethereum trusts into ETFs.
Persons: explainers, Craig Salm Organizations: CNBC Crypto, CNBC
How the SEC could respond to Grayscale's bitcoin ETF win
  + stars: | 2023-09-01 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the SEC could respond to Grayscale's bitcoin ETF winVedder Price attorney Jeremy Senderowicz, Grayscale CLO Craig Salm and Bitwise CIO Matt Hougan join CNBC's Bob Pisani on "ETF Edge" to discuss how the SEC could respond to Grayscale's legal win in its pursuit of a spot bitcoin ETF.
Persons: Vedder Price, Jeremy Senderowicz, Craig Salm, Matt Hougan, Bob Pisani Organizations: SEC
The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.
Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,
The years-long push for an exchange traded fund that tracks bitcoin will finally get its day in court this week. Several different firms tried to bring a spot bitcoin ETF to market in the U.S. without success, but Grayscale Investments is taking it a step further for the future of its Grayscale Bitcoin Trust (GBTC) . The largest of those funds, the ProShares Bitcoin Strategy ETF (BITO) , now has nearly $800 million in assets under management. Over the past year, the market price of a GBTC share has fallen by roughly 60%, according to Grayscale's website. Crypto winter The excitement around a bitcoin ETF has cooled considerably along with the prices for crypto markets in general.
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