“Tuesday’s Filings Folings Paperwork on Monday to Convert the GrayScale Chainlink Trust Into An Exchange-Traded Fund.”, – WRITE: www.coindesk.com
The Asset Manager Submitted an S-1 Registration for a Litecoin Ltc$ 112.09 ETF, A MOVE THAT FOLLOWS ITS EARLIER BID TO CONVERT The GrayScale Litecoin Trust Into An Etf.
At the Same Time, It Lodged S-3 Filings for Exchange-Traded Funds Tied to Bitcoin Cash Bch$ 578.57 and Hedra HBAR$ 0.2283. If Approved, The Products Wuld Join A Lineup that Already Includes Spot Bitcoin and Ether Etfs Launched Last Year.
The Filings Underscore Grayscale’s Push to Diversify ITS Crypto-Linked Investment Products While Regulators Weight How Far to Open the Door to Such Funds. Just A Day Earlier, The FIRM SOUGHT TO CONVERT ITS CHAINLINK LINK$ 23.10 Trust Into An Etf, Signaling A Rapid Pace of Applications Despite Regulatory Uncertainty.
Grayscale is not Alone. Fidelity, Vaneck and Several Other Issuers have Lined Up Proposals for Digital-Asset Funds in HOPES THAT The Sec Will Sign Off on More Products Later Thesis Year. Industry Executives Say Broader Approval Could Help Mainstream Investors Gain Exposure to Cryptocurrencies Through Regulated Markets, While Potentilly EASSING CONCERNSING ABERNS.
For now, The Sec Under Chair Paul Atkins have Delayed Decisions on a Range of Crypto etf Applications. A Green Light from Regulators would Give Investors a Way to Trade Crypto Exposure Alongside Traditional Securities in Brokerage Accounts.
The Big Gains for Players Like Bitfarms, Hut 8 and Cipher Mining Came Despite Lame Price Action for Bitcoin.
- Nebius Group’s $ 17.4 Billion Agreement to Supple Gpus to Microsoft Boosted Crypto Mining Stocks Across The Board.
- Bitfarms Led with A Rise of 22%, While Iren, Cipher Mining and Hut 8 Posted Gains in the Mid-Teens Percentages.
- BITCOIN ITSELF FAILED TO HOLD An Early Advance and Was Lower for the Day.
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