Grayscale Launches Trust for Story Protocol to Tap Into $80T Intellectual Property Market

Grayscale has launched a new investment vehicle that gives accredited investors exposure to Story, a blockchain protocol designed to turn intellectual property (IP) into programmable digital assets. The Grayscale Story Trust will focus exclusively on IP, the native token of the Story network, according to an announcement. The protocol aims to modernize the way digital … Read more

Grayscale ETF Head David LaValle to Exit as Firm Eyes IPO: Report

David LaValle, the global head of ETFs at Grayscale Investments, is set to leave the crypto asset manager at the end of July, Unchained reported, citing people familiar with the matter. LaValle joined Grayscale in July 2021 as the firm was grappling with investor dissatisfaction over the widening discount of its flagship Bitcoin Trust (GBTC). … Read more

US Bitcoin ETFs See $4.6 Billion in Volume in First Day of Trading, Grayscale and BlackRock Dominate

US-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets – still viewed … Read more

Grayscale Files for Confidential Submission of IPO With SEC

Grayscale Investments said it confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), a filing that signals plans for an initial public offering (IPO). The asset manager owned by Barry Silbert’s Digital Currency Group didn’t disclose details of the submission and said the registration is expected to take place … Read more

Grayscale Challenges SEC’s Delay of GDLC ETF Launch, Calls Stay Order Unlawful

Grayscale has pushed back against the U.S. Securities and Exchange Commission’s (SEC) decision to halt the launch of its large-cap crypto ETF, calling the agency’s stay order both unlawful and harmful to investors. The asset manager filed a letter with the SEC on Friday in response to the unexpected pause on its plan to convert … Read more

SEC’s Pause of Grayscale Fund (GDLC) Is Likely Temporary

The U.S. Securities and Exchange Commission likely halted the launch of the Grayscale Digital Large Cap Fund (GDLC) for administrative reasons, not political ones, multiple individuals familiar with the matter told CoinDesk. The SEC approved GDLC to uplist as an exchange-traded fund (ETF) on Tuesday through staffers’ delegated authority, meaning the regulator’s commissioners did not … Read more