Grayscale’s ETF Push, Nomura’s Fund Debut, and SEC’s Crypto Clampdown

Written by BTSE

September 20, 2023

Grayscale's ETF Push, Nomura's Fund Debut, and SEC's Crypto Clampdown

Bitcoin (BTC) maintained its position just above $27,000, despite a brief surge to $27,475, ahead of the U.S. Federal Reserve’s policy meeting conclusion on Wednesday. While the Fed is anticipated to keep rates steady, investors are keenly awaiting Chairman Jerome Powell’s insights and the central bank’s updated economic projections for hints about future monetary policies. Any unexpected shifts could impact both crypto and traditional markets.


What to Watch Out for Today


1. Grayscale’s Ethereum Futures ETF Push: Grayscale is back at it with a new filing for an Ethereum futures ETF, this time under the Securities Act of 1933. Why does this matter? Given the SEC’s history of approving Bitcoin futures ETFs and the rising optimism around crypto ETFs, Ethereum futures ETFs might just be the next big thing for asset managers. With Grayscale and at least 11 other firms in the race, the crypto ETF space is heating up. A potential win for Ethereum enthusiasts?


2. Nomura’s Bitcoin Fund Debut: Nomura’s digital arm, Laser Digital, has unveiled a Bitcoin adoption fund targeting the big players – institutional investors. The highlight? This fund is all about Bitcoin, offering a long-only strategy. With the backing of Komainu for security and registration in the Cayman Islands, it seems Nomura is setting the stage for more institutional crypto involvement. Long Bitcoin?


3. SEC’s Crypto Crackdown Continues: David Hirsch, the top dog at the SEC’s Crypto Assets and Cyber Unit, has a clear message: more charges are coming for crypto exchanges and DeFi projects. Drawing parallels? Think of the SEC’s ongoing tussles with giants like Coinbase and Binance. The regulator’s net is widening, and it’s not just the big exchanges in the crosshairs. Brokers, dealers, and even DeFi projects are on the SEC’s radar. A heads-up for anyone in the crypto space, especially DeFi enthusiasts.


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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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