Bitcoin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Grayscale increased the Bitcoin ETF as the potential ruling in the SEC lawsuit is quite near.</a> </li> 
 <li> <span>2</span> <a>Last June, the company sued the SEC after its bid to convert its Bitcoin Trust into an ETF was refused.</a> </li> 
</ul> 
<p>Grayscale Investments, an investment management company, has shared a hiring post on its official X (previously known as Twitter) account. On August 17, 2023, Thursday, the company added that its ETF team is expanding. Its expansion is a widely predicted decision in its lawsuit against the Securities and Exchange Commission (SEC) that could soon be reached.</p> 
<h2 class="wp-block-heading" id="strong-hiring-x-post-by-grayscale-strong"><strong>Hiring X-post by Grayscale</strong></h2> 
<p>Grayscale mentioned in its post that “Our ETF team is hiring,” with a set of eyes emoji. They have posted two positions, one was for the product specialist and the other was senior associate to assist its Exchange-traded fund (ETF) team. Along with their LinkedIn posts which have been posted within the past week, the company’s combined positions have garnered over 50 applications.</p> 
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
   <p lang="en" dir="ltr">Our ETF team is hiring. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/FtM1VM0AcW" rel="noopener noreferrer nofollow">https://t.co/FtM1VM0AcW</a></p>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1692163372241056254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>According to Grayscale’s profile description for a senior associate, the applicant would “contribute to investment product development ideas and work with the ETF team towards their realization.”</p> 
<p>On the other hand, the product specialist would “work closely with the sales, operations, marketing, and product teams to optimize the investor experience,” with a particular focus on ETFs.</p> 
<h3 class="wp-block-heading" id="strong-grayscale-and-sec-happenings-strong"><strong>Grayscale and SEC Happenings</strong></h3> 
<p>The investment management company took America’s financial watchdog to court last June. It has followed the SEC’s denial to convert the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.</p> 
<p>Earlier this week, James Seyffart, a Bloomberg analyst shared that a decision in Grayscale’s lawsuit could come as soon as this week. However, as of now, there is no official statement released by Grayscale.</p> 
<p>It must be noted that GBTC, an investment vehicle, allows investors to gain exposure to <a href="https://www.thecoinrepublic.com/2023/08/07/bitcoin-betting-battle-the-winner-will-get-1-million-sats/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin </a>(BTC) without holding the asset directly. Moreover, “in contrast to a spot Bitcoin ETF, which would make it cheap and easy for institutions to buy and sell Bitcoin, GBTC does not have a redemption mechanism that impacts its ability to track BTC’s price and charges higher fees.”</p> 
<p>On the other hand, John Reed, who formerly headed the SEC’s Office of Internet Enforcement, has shared his thoughts. He said that the chances are slim if the agency approves a spot Bitcoin ETF listing, the decision in the company’s lawsuit could leave the SEC with no choice.</p> 
<p>Whereas the SEC has noted market manipulation concerns in every denial letter delivered to spot <a href="https://www.thecoinrepublic.com/2023/08/16/europe-launches-the-first-spot-bitcoin-etf-on-euronext-amsterdam/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF</a> hopefuls since 2013. In case the investment management company wins its lawsuit, it could force the agency to change its tune if a court rules the agency’s grounds for denial are insufficient.</p> 
<p>Last but not least, in the previous week, the SEC delayed its response to ARK’s spot Bitcoin ETF application, saying it needs more time.</p>

Grayscale Planned to Welcome The New ETF Teammates; Shares Post

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