Ark’s sale of Coinbase shares is part of a larger trend of divesting from crypto-related assets, as seen in their Grayscale Bitcoin Trust shares.

Source: https://www.benzinga.com/markets/cryptocurrency/23/12/36209955/cathie-woods-ark-invest-sells-nearly-11-5m-worth-of-coinbase-shares-as-bitcoin-crypto-rall

Debtors of the bankrupt digital asset exchange FTX have filed a lawsuit against crypto giant Grayscale in Delaware.

Source: https://biztoc.com/x/741fe4dc951c2ccf?ref=ff

Grayscale argued that the bitcoin futures ETFs already approved by the SEC are fundamentally the same as the spot bitcoin ETF it wants to transform the trust into.

Source: https://247wallst.com/investing/2023/04/19/after-10-years-of-denials-for-spot-bitcoin-etfs-us-regulators-may-be-forced-into-action/

Grayscale CEO Michael Sonnenshein hails spot Bitcoin ETF decision as ‘huge win’ for crypto and investorsfortune.

Source: https://biztoc.com/x/d0d7a1a30689a199?ref=ff

Grayscale Investments filing a new application with the United States Securities and Exchange Commission for a new spot Bitcoin exchange-traded fund (ETF) may have acted as a bullish trigger.

Source: https://biztoc.com/x/ef4cdfe0945d5abc?ref=ff

Grayscale Investments wins court case against SEC, forcing the regulator to vacate its rejection of Grayscale's attempt to convert its Bitcoin Trust into an ETF.

Source: https://seekingalpha.com/article/4658760-grayscale-bitcoin-trust-switching-hedged-position?source=feed_all_articles

Last year, Grayscale was denied an application to list such a fund by the US Securities and Exchange Commission, who said the action was necessary 'to protect investors and the public interest.'

Source: https://www.dailymail.co.uk/money/markets/article-12455883/BUSINESS-LIVE-Standard-Chartered-selling-jet-leasing-arm-Bunzl-acquires-two-firms-Rio-Tinto-forms-joint-venture.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

MicroStrategy was down more than 9%, Coinbase nearly 8%, and the Grayscale Bitcoin Trust lost almost 11% even though it scored an important victory against the SEC only a few days earlier.

Source: https://247wallst.com/investing/2023/03/10/btc-dips-6-as-first-hearing-offers-divided-digital-assets-house-committee/

SEC Reportedly Open to Discussions with Grayscale Over Its Spot Bitcoin (BTC) ETF Bidcryptodaily.

Source: https://biztoc.com/x/3f3039792f32ab54?ref=ff

The decision in favor of Grayscale Investments was a major win for the industry as it pushes for wider mainstream exposure to digital assets.

Source: https://biztoc.com/x/c1ca7d615e57db4c?ref=ff

The Grayscale funds are trading at premiums due to technical and regulatory constraints on owning altcoins outside of regulated market vehicles.

Source: https://seekingalpha.com/article/4659885-im-not-fan-of-grayscale-ethereum-trust-at-10-64-percent-discount?source=feed_all_articles

They've gone ahead and extended the deadline for Hashdex and Grayscale to switch their Bitcoin futures ETFs over to spot ETFs.

Source: https://biztoc.com/x/612b197253824aa3?ref=ff

"This ruling is not just about Grayscale or Bitcoin, it sets a precedent for the broader crypto industry," said Ji Kim, general counsel and head of global policy at the Crypto Council for Innovation.

Source: https://www.gadgets360.com/cryptocurrency/news/grayscale-investments-spot-bitcoin-etf-proposal-denial-sec-wrong-us-court-4344968

This ruling stands as a major victory for Grayscale and sets a precedent that could have far-reaching implications for other companies aspiring to launch Bitcoin ETFs, including prominent industry players.

Source: https://247wallst.com/investing/2023/09/22/4-crypto-stocks-to-watch-as-fed-keeps-interest-rates-intact/