Grayscale

The United States Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Spot Solana and Litecoin ETFs. The agency said more time is needed to assess whether these filings meet the necessary standards for investor protection and market transparency.


This delay affects Grayscale’s efforts to list spot cryptocurrency ETFs that would be traded on the NYSE Arca exchange.
At the same time, the US SEC opened public comment periods for other crypto-related proposals, including BlackRock’s Bitcoin ETF redemption model.
US SEC Extends Review Period for Grayscale SOL and LTC ETFs
The US SEC announced that it will extend the review process for the proposed Grayscale Solana Trust. The agency is evaluating whether the fund complies with the Securities Exchange Act of 1934. If approved, the ETF would allow public trading of Solana-backed shares through traditional investment accounts.

The same decision applies to the Grayscale Litecoin Trust. The SEC said it needs additional time to determine if the Litecoin ETF filing meets the required legal and market conditions. Grayscale’s filings now follow an extended timeline, which may include several stages before the SEC makes a final decision.
Subsequently, the commission started proceedings to determine whether to approve or reject the proposed rule change, according to the official filing. Crypto prediction market Polymarket gives Grayscale’s Solana ETF an 82% chance of approval by December 31, 2025. The Litecoin ETF follows closely with an 80% chance.
BlackRock’s Bitcoin ETF Redemption Proposal
Alongside Grayscale’s delays, the US SEC has opened the public comment phase for BlackRock’s proposed rule change to its iShares Bitcoin Trust. The proposed amendment would allow in-kind redemptions, letting authorized participants exchange ETF shares directly for Bitcoin instead of using cash.
This change would mark a departure from the original cash-only model approved earlier this year. Public comments will help the SEC determine whether this redemption mechanism maintains sufficient protections for investors and maintains orderly market function.
This delay follows BlackRock filing for an amendment of its spot Ethereum ETF to allow an in-kind creation and redemption process
US SEC Cautious Approach Under New Leadership
Under new Chair Paul Atkins, the SEC has increased its engagement with the public and the digital asset industry. The agency has emphasized transparency and compliance with established investor protection rules in its handling of crypto-related financial products.
Despite the recent delays, the US SEC has acknowledged the spot Dogecoin ETF filing submitted by 21Shares. This move places the application on the agency’s timeline, which allows for up to 240 days to approve or deny the product.
Concurrently, in recent months, the SEC has dismissed several enforcement cases including the Ripple lawsuit and expanded the use of public comment periods and roundtables. These actions signal a broader regulatory reassessment under the current administration.

#SEC #SECCrypto #Grayscale #solana #sol

According to a recent post on X by Ash Crypto, Grayscale has acquired Ethereum worth approximately $11,980,000, reflecting increased market action and inflow count in the ETF panel. This has triggered it rank to the third position in terms of net assets, totaling $889.61 million.

After the recent Grayscale purchase, the product has cumulative inflows amounting to $616.98 million. ETH’s market price is at $17.38, gaining 3.27%, and its daily trading volume is $36.13 million.
Institutional Interest Boosts Ethereum
This substantial Ethereum acquisition by Grayscale indicates strong institutional activity in digital assets. To further support this, the recent massive acquisition by Grayscale has caused a general market movement in all ETH ETFs. To track the current reaction, SoSoValue updates on May 1 notes that the daily net inflow for Ethereum products totals $6.49 million, bringing cumulative inflows to $2.49 billion.
$ETH
#Grayscale

Grayscale has filed with the SEC to launch Litecoin and Solana ETFs, as well as other cryptocurrency-related products.

Several companies, including #Grayscale , VanEck, 21Shares, Bitwise and Canary Capital, have also filed to launch dotcom #Solana ETFs. Nate Geraci, president of
#ETF optimistic about the timing, reflecting broader market sentiment.
Shiba Inu (SHIB) Can the decline be stopped, Dogecoin (DOGE) shrinking, Ethereum (ETH) exploding further?
Many in the industry believe that potential changes in the U. S. administration and SEC guidance will help create a more favorable regulatory environment for #cryptocurrency ETFs.
Polymarkets currently estimates the probability of Solana ETF approval in 2025 at 77%, which has investors enthusiastic. Approval is expected to be a major catalyst for price appreciation, the impact of which some argue is not yet fully reflected in Solana's market valuation.
Read us at: Compass Investments
#MarketInsights

Assets managed by BlackRock's iShares Bitcoin Trust (IBIT) have surpassed $21.4 billion, outperforming the Grayscale Bitcoin Trust ETF (GBTC) by more than $1.6 billion. This significant growth is due to the steady influx of funds into the BlackRock Spot Bitcoin ETF since the beginning of the year.

Since the launch of the Spot #TopCoinsJune2024 #ETF on December 1/11, #BlackRock has seen millions of inflows every day, with inflows dropping slightly over the past 5 months and outflows even less so.
According to Farside data, BlackRock recorded its first ETF inflow since launch on December 1/11, which totaled more than $11 billion ($11,100 million). Since then, the ETF has attracted hundreds of millions, with 2024/3/12 recording a peak inflow of ¥84,900 million in the first year.
On the other hand, since #grayscale launched on May 1, capital outflows have been greater than inflows. Given that the Grayscale spot bitcoin-ETF recorded total capital outflows of 17.5 billion yen, it is not surprising that BlackRock's IBIT outperformed GBTC.
Data from the BlackRock fund website showed that the company's spot bitcoin-ETF has accumulated over 302,536 #TopCoinsJune2024 . This is over 1.4% of the total bitcoins in circulation. In contrast, Grayscale has accumulated about 285,105 BTC in trusts with assets currently totaling ¥19.75 billion.
Despite a brief influx of funds in May, grayscale continues to face significant outflows. The latest drop occurred on September 6/6 and September 7, with GBTC outflows reaching 33760 million and 33630 million respectively. \n Compared to the Grayscale spot bitcoin-ETF, BlackRock's IBIT has performed well. BlackRock currently charges an annual management fee of 0.25% for the spot bitcoin ETF, while the Grayscale spot bitcoin-ETF charges an expensive 1.5% fee.
These large differences in ETF fees have impacted outflows from GBTC since the beginning of the year. Many investors are moving assets out of the Grayscale Spot bitcoin-ETF into more cost-effective options like BlackRock's IBIT.
Farside reported a surge in capital inflows from Blackrock into the bitcoin-ETF spot, while IBIT recorded consistent inflows from Jan.

Read us at: Compass Investments