“We believe investors should have access to GBTC in an ETP [exchange-traded product] format because it offers a tried and tested way for retail investors to gain exposure to bitcoin at prices that closely reflect spot bitcoin trading prices without holding it themselves,” the letter said. Grayscale Investments is a digital asset management firm owned by Digital Currency Group, … [Read more...] about Coinbase Backs NYSE Arca’s Push for Grayscale Bitcoin Trust Conversion to ETF
NYSE
First NFT-focused ETF lists on NYSE Arca
On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.The fund does not directly buy and hold NFTs to store in wallets. Instead, it tracks an … [Read more...] about First NFT-focused ETF lists on NYSE Arca
$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the deal … [Read more...] about $3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
Griid Infrastructure Set for NYSE Listing Through $3.3B Merger
Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp.The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday.Cincinnati-based Griid has three facilities in the U.S. and aims to have mining capacity of 734 megawatts … [Read more...] about Griid Infrastructure Set for NYSE Listing Through $3.3B Merger
NYSE celebrates historic ‘first trades’ with NFT series
The New York Stock Exchange, or NYSE, has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent U.S. companies.In an April 13th announcement, NYSE’s president, Stacey Cunningham, described NFTs as a “new, fun way to mark the moment” of a company’s first trade on the NYSE.The first six NYSE NFTs commemorating the … [Read more...] about NYSE celebrates historic ‘first trades’ with NFT series