Grayscale со нетрпение очекува да влезе во европскиот пазар

Grayscale Investments, the world’s largest digital asset manager, is set to expand its arms beyond North America, as it targets Europe. According to the Фајненшл тајмс, the fund manager has been одржување a series of meetings with potential partners to materialize the plans.

“We’re conducting some research, meeting with different organizations and different partners to determine what is going to be the best way for Grayscale to bring a lot of that accessibility, a lot of the insights we have to European investors,” Michael Sonnenshein, Chief Executive Officer of the company, told the Financial Times. He also wants to bring what they learned in the US to Europe with the maneuver.

Sonnenshein added: “We’re exploring a lot of European financial hubs to really think about what is going to be the right approach for us and how best to bring Grayscale to Europe.”

In an interview with the Financial News, Grayscale’s CEO expressed concern about “double standards” in cryptocurrency regulation. According to him, it is “very difficult to understand” why the SEC continues to reject spot ETF proposals despite being comfortable with futures ETFs.

Delaying Spot Bitcoin ETF

Во февруари, Комисијата за хартии од вредност на САД (SEC) објави that it was delaying Grayscale’s proposed ETF, a spot bitcoin  размена  -traded fund. The SEC is concerned about how Grayscale will fend off manipulation and fraud.

Earlier in 2021, Grayscale asked to convert its GBPTC shares into a spot  Bitcoin  ETF. This is the second time the SEC is delaying its decision on Grayscale’s application. The SEC has already rejected several ETF applications from WisdomTree, Krypton, Fidelity, and SkyBridge.

In October 2021, the SEC did approve 2 bitcoin future-based funds: ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF. The SEC, to this date, has not approved a spot bitcoin ETF. Fidelity was able to launch its spot bitcoin ETF in Canada, Fidelity Advantage Bitcoin ETF (FBTC).

Grayscale Investments, the world’s largest digital asset manager, is set to expand its arms beyond North America, as it targets Europe. According to the Фајненшл тајмс, the fund manager has been одржување a series of meetings with potential partners to materialize the plans.

“We’re conducting some research, meeting with different organizations and different partners to determine what is going to be the best way for Grayscale to bring a lot of that accessibility, a lot of the insights we have to European investors,” Michael Sonnenshein, Chief Executive Officer of the company, told the Financial Times. He also wants to bring what they learned in the US to Europe with the maneuver.

Sonnenshein added: “We’re exploring a lot of European financial hubs to really think about what is going to be the right approach for us and how best to bring Grayscale to Europe.”

In an interview with the Financial News, Grayscale’s CEO expressed concern about “double standards” in cryptocurrency regulation. According to him, it is “very difficult to understand” why the SEC continues to reject spot ETF proposals despite being comfortable with futures ETFs.

Delaying Spot Bitcoin ETF

Во февруари, Комисијата за хартии од вредност на САД (SEC) објави that it was delaying Grayscale’s proposed ETF, a spot bitcoin  размена  -traded fund. The SEC is concerned about how Grayscale will fend off manipulation and fraud.

Earlier in 2021, Grayscale asked to convert its GBPTC shares into a spot  Bitcoin  ETF. This is the second time the SEC is delaying its decision on Grayscale’s application. The SEC has already rejected several ETF applications from WisdomTree, Krypton, Fidelity, and SkyBridge.

In October 2021, the SEC did approve 2 bitcoin future-based funds: ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF. The SEC, to this date, has not approved a spot bitcoin ETF. Fidelity was able to launch its spot bitcoin ETF in Canada, Fidelity Advantage Bitcoin ETF (FBTC).

Source: https://www.financemagnates.com/cryptocurrency/news/grayscale-looks-forward-to-entering-european-market/