SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing – Finance Bitcoin News
The SEC approved NYSE Arca’s listing of Grayscale’s large-cap crypto fund, allowing regulated access to Bitcoin, Ethereum, Solana, XRP, and Cardano through an ETF.
Erebor Emerges With Thiel Support to Serve Start-ups Post-SVB
Erebor, a new US bank backed by Peter Thiel and other tech billionaires, aims to fill the void left by Silicon Valley Bank’s collapse, focusing on tech startups in AI, crypto, defense, and manufacturing.
Senator Cynthia Lummis Slams Jeff Merkley’s Crypto Amendment
Senator Cynthia Lummis criticized Jeff Merkley’s proposed amendment to ban officials from promoting cryptocurrencies, arguing it harms innovation and competitiveness in the blockchain sector.
FTX Creditors Receive 120% Payouts on Small Claims, Partial on Large Claims
FTX creditors with claims under $50,000 received 120% payouts, while larger claims got 72.5%. Additional distributions through 2027 aim for full recovery. Celebrities faced lawsuits over endorsements.
EU ECB Commits to Distributed Ledger Technology Settlement Work
The ECB will use central bank money to settle DLT transactions, aiming to enhance payment efficiency. Short-term ‘Pontes’ and long-term ‘Appia’ solutions will link DLT platforms with Eurosystem services.
SEC Issues New Crypto ETF Guidance
The SEC issued new guidance for crypto ETF issuers, clarifying requirements for filings, custody practices, and disclosures to streamline regulatory processes for token-based funds.
Police Raid Underground Crypto Mining Farm in St. Petersburg
Russian police raided an illegal crypto mining farm in St. Petersburg, seizing mining rigs and investigating $127,873 in damages to power grids. Authorities are searching for the operators.
SEC approves conversion of Grayscale’s large-cap crypto fund into ETF
The SEC approved Grayscale’s conversion of its Digital Large-Cap Fund into an ETF, comprising top cryptocurrencies like Bitcoin, Ether, Solana, XRP, and Cardano.
NYAG Challenges GENIUS Act Ahead of July Vote
NY AG Letitia James opposes the GENIUS Act, warning it lacks investor protections and could harm the financial system. She urges Congress to strengthen regulations before finalizing stablecoin rules.
US regulator considers simplified path to market for crypto ETFs
The SEC is considering streamlining crypto ETF approvals by automating parts of the process, potentially eliminating 19b-4 filings and using form S-1 with a 75-day review period.
