By Bitcoinist - 1 sena ilu - Ħin tal-Qari: 3 minuti
Crucial Day For Bitcoin: Court Sets Date For Grayscale Vs. SEC
The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Genesis’ bankruptcy filing, which was ħabbret nhar il-Ħamis li għadda, jidher li diġà ġie pprezzat mill-investituri.
Madankollu, ir-riskju ta' a xenarju mill-agħar with the liquidation of Grayscale’s Bitcoin Trust (GBTC) with over 630,000 BTC has still not been eliminated. A crucial event in this context could be the lawsuit of Grayscale against the U.S. Securities and Exchange Commission (SEC) seeking approval to convert GBTC into a spot ETF.
U possibilment fl-okkażjoni tal-falliment tal-Ġenesi, il-Qorti tal-Appell żiedet l-iskedar tal-argument orali bejn Grayscale u s-SEC. Skont qorti tat-23 ta’ Jannar sabiex, id-data tas-smigħ ġiet stabbilita għas-7 ta’ Marzu fid-9:30 AM ET.
Aktar kmieni, l-uffiċjal legali ewlieni ta 'Grayscale Craig Salm kellu stmat li l-argumenti orali ma jiġux skambjati qabel it-tieni kwart. Id-data tas-smigħ għalhekk tiġi wara kważi disa’ xhur minn meta Grayscale fetħet il-kawża tagħha kontra s-SEC f’Ġunju 2022.
After several delays, the SEC denied Grayscale’s request to convert Bitcoin Trust (GBTC) fi a Bitcoin-based spot ETF, citing concerns about market manipulation and investor protection.
Why The Litigation Is Crucial For Bitcoin
Wara l-preżentazzjoni ta’ falliment ta’ Genesis, l-investituri qed jistaqsu xi jfisser dan għal DCG u s-sussidjarja tagħha Grayscale. Filwaqt li bħalissa m'hemm l-ebda tweġiba ċara għal dan, hemm spekulazzjoni li min isellef kripto jista 'jieħu l-kumpanija parent tiegħu u għalhekk Grayscale isfel magħha.
Barra minn hekk, uġigħ ta 'ras kbir ieħor għal DCG u Grayscale b'mod partikolari huwa l-kunfidenza mitlufa fil-GBTC. L-iskont għall-valur nett tal-assi huwa bħalissa madwar 41%. Ħafna jemmnu li l-konverżjoni tat-trust f'fond innegozjat fil-borża tkun l-aħjar soluzzjoni għall-investituri u l-kumpanija biex jerġgħu jiksbu l-fiduċja u jeliminaw ir-roħs.
Madankollu, din tista’ tkun tellieqa kontra l-ħin. Proprju l-ġimgħa li għaddiet, tħabbar li DCG issospendiet id-dividend ta’ kull tliet xhur sabiex issaħħaħ il-karta tal-bilanċ tagħha billi tnaqqas l-ispejjeż operattivi. Barra minn hekk, DCG qed tinvestiga bejgħ Il-kumpanija tal-midja kripto CoinDesk biex tiġbor flus kontanti tant meħtieġa.
Dan kollu jissuġġerixxi li DCG tinsab fuq art mgħaġġla, filwaqt li l-bejgħ tal-GBTC u l-azjendi ETH tiegħu stess mhuwiex verament għażla. Skont id-dejta ta’ Bloomberg, DCG tippossjedi kważi wieħed minn għaxra tal-ishma kollha tal-GBTC.
Iżda minħabba r-regolamenti tat-titoli, DCG mhix permessa tbigħ aktar minn 1% tal-ishma pendenti GBTC tagħha kull tliet xhur. Barra minn hekk, DCG tkompli tagħmel ħsara lill-fiduċja u twessa' r-roħs tal-prezz.
In this respect, the lawsuit against the SEC seems like a glimmer of hope to pick up steam with the first Bitcoin spot ETF approved on U.S. soil while patching the holes created by Genesis. Therefore, Bitcoin investors should closely watch developments in Grayscale’s legal battle with the SEC.
At best, the first Bitcoin spot ETF will be approved – an investment vehicle for institutional investors that has long been considered the holy grail for a Bitcoin bull run. In the worst-case scenario, a rejection of the Grayscale lawsuit could have a severe impact on DCG’s next steps.
Bitcoin Prezz Illum
Fiż-żmien tal-istampa, BTC kien qed jinnegozja għal $ 22,901, u baqa 'relattivament kwiet f'medda bejn $ 23,361 u $ 22,296. Waqfa aktar baxxa ġġib iż-żona ta 'appoġġ ta' $ 21,650 fis-seħħ. Tbegħid rasu jista 'jippermetti spinta lejn $24,000.
Sors oriġinali: Bitcoinhuwa