Tag: SEC

SEC Approves Grayscale GDLC for NYSE Arca Debut

Key Notes Bitcoin makes up over 72% of GDLC’s holdings, followed by Ethereum at 17%, with XRP, Solana, and Cardano at smaller allocations. Grayscale recently reduced BTC weightage in GDLC to increase exposure to other top digital assets. The approval of GDLC could streamline the launch of additional multi-asset crypto ETFs. Crypto asset manager Grayscale secured a major victory as the US Securities and Exchange Commission (SEC) approved the crypto large-cap fund (GDLC). This fund will hold the top five digital assets by market cap, such as Bitcoin BTC $117…

SEC Approves First US Multi-Crypto ETP: Grayscale CEO

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The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer exposure to five of the world’s largest cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). The approval, disclosed in a filing on Wednesday, marks a milestone for the digital asset industry and follows the success of US spot Bitcoin exchange-traded funds (ETFs). A multi-asset crypto ETP gives traditional investors an easier way to gain…

SEC Approves Generic Listing Standards For Commodity-Based ETFs

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The US Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not need to be assessed individually. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge…

REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

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US-based REX Shares has stirred significant anticipation in the crypto community by announcing the launch of its Dogecoin (DOGE) and XRP exchange-traded funds (ETFs) on September 18.  Imminent Launch Of REX Shares’ DOGE And XRP ETFs? In a post on social media platform X (formerly Twitter), REX Shares promoted the upcoming launch of the REX-Osprey XRP ETF, under the ticker symbol XRPR, and the REX-Osprey DOGE ETF, designated as DOJE.  These ETFs can potentially be the first exchange-traded products that allow US investors to access Dogecoin and XRP. This could…

SEC Listing Standards to Boost Crypto ETFs: Bitwse

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The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns. “The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday. However, Hougan warned that the launch of a crypto ETF…

Bitwise files Stablecoin & Tokenization ETF with SEC

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Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization. According to a Tuesday filing, the proposed ETF will track an index featuring companies from stablecoin issuers, infrastructure providers, payment processors, exchanges and retailers to regulated crypto exchange-traded products (ETPs) with exposure to Bitcoin (BTC) and Ether (ETH). The index, which will go through quarterly rebalances, is split into two equally weighted sleeves: an equity sleeve and…

SEC Decides on “Resolution in Principle” for Gemini Earn Program

Key Notes The SEC regulator has reached “a resolution in principle” with Gemini over its defunct Earn offering. The settlement is still subject to approval, but shows a major shift in regulatory approach. US SEC and CFTC are planning to unite in harmonizing the US market structure. After two years, the United States Securities and Exchange Commission (SEC) has finally come to “a resolution in principle,” with Gemini, the cryptocurrency exchange run by Tyler and Cameron Winklevoss. As it stands, the regulator is looking to completely resolve the litigation that…

Next Crypto to Explode as Gemini and SEC Make Peace in Court

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The crypto world just got some rare good news. After years of fighting, Gemini and the SEC have finally agreed to settle their dispute over the Gemini Earn lending program. The deal isn’t final yet, but it already shows a softer tone from regulators. For investors, it’s a sign that crypto projects might get more breathing room as the industry matures. Add Gemini’s successful IPO to the mix and you have a new narrative: crypto isn’t going anywhere, it’s getting stronger. And that leaves one big question on the table.…

SEC, Gemini Trust Reach Agreement Over Lending Dispute

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The US Securities and Exchange Commission (SEC) and Gemini Trust Company filed a status update in court, letting a federal court know they had reached a “resolution in principle” to resolve a securities case stemming from a 2023 complaint. In a Monday filing in the US District Court for the Southern District of New York (SDNY), the SEC and Gemini Trust said that, “subject to review and approval” by the commission, the two parties requested that all litigation in the civil case be indefinitely stayed. The filing stated that both…

Robinhood Files Venture Fund with SEC to Open Private Markets to Retail

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Brokerage firm Robinhood is planning a closed-end fund that would give retail investors access to its venture capital portfolio — a space traditionally reserved for institutions and high-net-worth individuals. The brokerage disclosed Monday that it has filed a Form N-2 with the US Securities and Exchange Commission (SEC) to register shares of the Robinhood Ventures Fund I (RVI), which will be managed by its new subsidiary, Robinhood Ventures DE. If approved, shares of RVI will be listed on the New York Stock Exchange, where they can be bought and sold…