By now everyone is aware of how the SEC finally approved a **Bitcoin ETF**. After years of applications, we now see this trading. Today, we watched the first one, ProShares, go live. For those who are around the investing world, this is a name familiar to most. They have many ETFs available so it is not surprising to see them one of the early ones that got approved. So now we are off to the ETF races. <center>![image.png](https://images.hive.blog/DQmcYTHrMZ8r2hvwo5acnvgahnzuZV9x61HppiozVK2Lo21/image.png) [Source](https://itsblockchain.com/wp-content/uploads/2021/06/Graycale-1.jpeg)</center> ### Grayscale Leading The Way Grayscale offered Bitcoin and other cryptocurrency funds for a number of years now. The firm was the first to be able to offer exposure to those crypto assets through things such as IRAs. Their funds, such as the Grayscale Bitcoin Trust (GBTC), openly trade on the exchanges. People can buy shares in this the same as they do stock. There are no limitations unlike trying to use retirement accounts for cryptocurrency purchases. Direct acquisition is blocked out of these types of accounts. Thus, many were drawn to what **Grayscale** put together. The firm was also very diligent in its process. It did not keep its intentions to eventually convert its funds to ETFs a secret. In fact, one of the steps it took was to become a reporting company to the SEC. This was a voluntary actions, meant to show it is in compliance with the regulations that are in place. One of the best known investors in the Grayscale family of funds is Cathy Wood and Ark Investments. Due to regulations, her funds are prohibited from buying Bitcoin or Ethereum directly. Thus, she was forced to utilize Grayscale's services. A lot is made of Grayscale's premium or discount to the underlying asset. For example, the GBTC fund is now trading at a 20% discount compared to what Bitcoin trades for. This is a problem for those who are holding long term since they are not keep pace with the underlying asset. Of course, it is only a problem if one has the option of getting the Bitcoin directly. Since much of this money is barred, even at a reduced return, one is still gaining exposure to the moves in BTC. ### Gensler's Bitcoin ETFs Do you know what the discount or premium is to the ETFs that are being approved under the present SEC Chair? The problem with trying to answer this question is that it is not relevant. The reason this is the case is the Bitcoin ETFs are not based upon the **spot price**. Instead, the ProShares ETF is based upon the futures' market. This is completely different than what Grayscale is doing. Grayscale actually purchases the underlying assets. Therefore, each share is backed by Bitcoin (or whatever the fund is). The company is actually holding the cryptocurrencies in their possession. ProShares is holding no Bitcoin. This is simply a "paper trade". The "value" of the ETF is based simply on futures contracts. In other words, this is using derivatives as the basis for the ETF. ### Grayscale Pushing The Envelope Since it is the biggest, and best known name, we are headed for a showdown. Grayscale recently submitted their application to convert their trust to an ETF. This means there is a 75 window where it has to reach a decision from the SEC. Here is where the SEC is being put on notice. Chairman Gensler is going to have to explain why the SEC will not allow an ETF based upon the **spot price of Bitcoin**, as opposed to one based upon derivatives. So far, the indication appears to be fear of manipulation. Of course, the futures market can be manipulated also so that defense might not hold justification. That said, the recently approved ETF is trading on CME, which is federally regulated. There is, however, no reason why Grayscale cant do something similar. Besides, the CME has seen its share of manipulation over the years. For Bitcoin enthusiasts, what Grayscale proposes would actually entail the buying of Bitcoin, meaning that it would have a greater impact upon the price action. Instead of simply operating in the futures market, Grayscale would continue to add to its holdings as more investment was made. For now, Gensler can stand by the decision. However, over the next couple month, the SEC will have to decide on Grayscale's application. There might be a major uproar if the best known company in this aspect of the industry is turned down. Grayscale might be backing the SEC into a corner. ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze ![screen_vision2025_1.png](https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png) logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/grayscale-backing-sec-and-gensler-into-a-corner)
author | taskmaster4450le | ||||||
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permlink | grayscale-backing-sec-and-gensler-into-a-corner | ||||||
category | hive-167922 | ||||||
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["graysacle","bitcoin","etf","leofinance","mancave","archon","ctp","proofofbrain","neoxian"],"canonical_url":"https://leofinance.io/@taskmaster4450le/grayscale-backing-sec-and-gensler-into-a-corner","links":["https://itsblockchain.com/wp-content/uploads/2021/06/Graycale-1.jpeg"],"image":["https://images.hive.blog/DQmcYTHrMZ8r2hvwo5acnvgahnzuZV9x61HppiozVK2Lo21/image.png","https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif","https://images.hive.blog/DQmXEv6MvKTCurBzSdbKjWzFadJwfJfJfmA2We9EwD5q5Vb/screen_vision2025_1.png"]} | ||||||
created | 2021-10-20 00:47:48 | ||||||
last_update | 2021-10-20 00:47:48 | ||||||
depth | 0 | ||||||
children | 11 | ||||||
last_payout | 2021-10-27 00:47:48 | ||||||
cashout_time | 1969-12-31 23:59:59 | ||||||
total_payout_value | 53.918 HBD | ||||||
curator_payout_value | 54.337 HBD | ||||||
pending_payout_value | 0.000 HBD | ||||||
promoted | 0.000 HBD | ||||||
body_length | 5,000 | ||||||
author_reputation | 1,747,548,304,076,174 | ||||||
root_title | "Grayscale Backing SEC and Gensler Into A Corner" | ||||||
beneficiaries |
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max_accepted_payout | 1,000,000.000 HBD | ||||||
percent_hbd | 10,000 | ||||||
post_id | 107,159,255 | ||||||
net_rshares | 96,123,686,417,247 | ||||||
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
blocktrades | 0 | 22,664,548,264,187 | 19% | ||
alpha | 0 | 10,239,183,429,915 | 10% | ||
mammasitta | 0 | 9,809,101,942 | 1.9% | ||
roelandp | 0 | 187,383,930,669 | 4.75% | ||
neoxian | 0 | 5,026,214,024,208 | 30% | ||
raymondspeaks | 0 | 3,937,880,899 | 30% | ||
arcange | 0 | 116,942,562,983 | 2% | ||
konti | 0 | 15,178,436,412 | 100% | ||
raphaelle | 0 | 1,471,725,584 | 2% | ||
jphamer1 | 0 | 7,719,747,666,714 | 100% | ||
the-bitcoin-dood | 0 | 188,542,244,543 | 100% | ||
daveks | 0 | 987,738,018,267 | 25% | ||
penguinpablo | 0 | 395,066,808,695 | 12% | ||
uwelang | 0 | 41,508,119,611 | 5% | ||
doitvoluntarily | 0 | 53,269,054,321 | 100% | ||
gringalicious | 0 | 2,832,396,195,082 | 50% | ||
funnyman | 0 | 1,123,423,683 | 4.8% | ||
noborders | 0 | 3,170,422,904 | 100% | ||
bukiland | 0 | 2,416,720,602 | 33.3% | ||
ahmadmanga | 0 | 716,311,654 | 17.5% | ||
walterjay | 0 | 6,118,285,455 | 0.35% | ||
sinistry | 0 | 10,640,265,069 | 100% | ||
mornevd | 0 | 2,270,786,604 | 100% | ||
sudutpandang | 0 | 899,010,262 | 25% | ||
ambyr00 | 0 | 4,671,850,137 | 3.12% | ||
cosmictriage | 0 | 82,971,575,539 | 100% | ||
oluwoleolaide | 0 | 66,234,490,195 | 70% | ||
preparedwombat | 0 | 958,098,306,245 | 100% | ||
dickturpin | 0 | 4,601,655,432 | 9.5% | ||
thatsweeneyguy | 0 | 1,338,112,672 | 12.5% | ||
l337m45732 | 0 | 703,549,692 | 15% | ||
happyberrysboy | 0 | 2,108,086,616 | 100% | ||
opinizeunltd | 0 | 3,454,069,048 | 33% | ||
kennyroy | 0 | 1,071,695,016 | 19% | ||
handofzara | 0 | 89,823,284,636 | 100% | ||
bitcoinflood | 0 | 511,577,964,507 | 30.9% | ||
alphacore | 0 | 14,711,617,593 | 2.42% | ||
spectrumecons | 0 | 1,344,930,277,996 | 25% | ||
ew-and-patterns | 0 | 406,318,412,287 | 50% | ||
joeyarnoldvn | 0 | 569,399,408 | 1.66% | ||
ufv | 0 | 582,172,079 | 9.5% | ||
coffeelovers | 0 | 6,963,503,419 | 100% | ||
forexbrokr | 0 | 44,284,914,384 | 100% | ||
apoloo1 | 0 | 14,688,625,266 | 99% | ||
paasz | 0 | 409,719,237 | 100% | ||
summertooth | 0 | 7,073,189,350 | 25% | ||
adambarratt | 0 | 718,622,075,745 | 100% | ||
dante31 | 0 | 2,028,541,246 | 12.5% | ||
pixelfan | 0 | 39,085,214,573 | 5.6% | ||
macchiata | 0 | 7,543,257,323 | 9.5% | ||
isabelpena | 0 | 58,941,761,164 | 100% | ||
pocketrocket | 0 | 24,134,587,294 | 100% | ||
buggedout | 0 | 286,472,590,515 | 10% | ||
noboxes | 0 | 178,927,342,958 | 50% | ||
santigs | 0 | 14,872,078,516 | 97% | ||
bahagia-arbi | 0 | 2,395,201,677 | 25% | ||
artonmysleeve | 0 | 1,320,840,223 | 12.5% | ||
aamirijaz | 0 | 2,274,022,989 | 15% | ||
chinchilla | 0 | 309,386,687,911 | 100% | ||
celestal | 0 | 122,729,076,954 | 50% | ||
roleerob | 0 | 1,865,354,762 | 0.46% | ||
fatman | 0 | 8,006,215,110 | 2% | ||
pixresteemer | 0 | 60,016,830,828 | 17% | ||
mawit07 | 0 | 43,565,069,325 | 7.5% | ||
martusamak | 0 | 2,830,404,404 | 100% | ||
sayee | 0 | 14,926,111,439 | 15% | ||
dmilliz | 0 | 163,695,602,274 | 100% | ||
vegoutt-travel | 0 | 19,850,858,444 | 25% | ||
zoidsoft | 0 | 88,501,479,027 | 100% | ||
noble-noah | 0 | 10,552,055,586 | 100% | ||
buff-news | 0 | 6,225,713,784 | 100% | ||
mightpossibly | 0 | 22,976,983,320 | 25% | ||
coyotelation | 0 | 80,983,727,467 | 100% | ||
vintherinvest | 0 | 26,616,703,807 | 12.5% | ||
joedukeg | 0 | 1,309,176,417 | 25% | ||
yogajill | 0 | 133,984,154,458 | 100% | ||
elderson | 0 | 6,213,298,611 | 7% | ||
funt33 | 0 | 423,243,230 | 100% | ||
vempromundo | 0 | 73,007,428,301 | 100% | ||
wiseagent | 0 | 110,713,155,484 | 9.9% | ||
cryptonized | 0 | 43,944,095,009 | 12% | ||
tomatom | 0 | 1,821,170,968 | 9.5% | ||
daltono | 0 | 260,744,100,664 | 14% | ||
gabrielatravels | 0 | 25,593,982,075 | 9.5% | ||
branbello | 0 | 1,341,138,434 | 5.1% | ||
blocktrades.com | 0 | 13,349,911,169,175 | 19% | ||
znnuksfe | 0 | 4,991,942,696,983 | 50% | ||
harryji | 0 | 31,175,771,774 | 60% | ||
bala41288 | 0 | 379,545,568,744 | 50% | ||
ricardo993 | 0 | 579,014,668 | 2.85% | ||
chorock | 0 | 188,929,244,300 | 25% | ||
auracraft | 0 | 674,017,873 | 19% | ||
philnewton | 0 | 1,821,242,516 | 22.5% | ||
criptoar | 0 | 10,536,289,787 | 100% | ||
jlordc | 0 | 38,220,559,771 | 30% | ||
captainbob | 0 | 153,544,200,786 | 50% | ||
anikys3reasure | 0 | 2,233,857,424 | 15% | ||
annabellenoelle | 0 | 5,248,955,101 | 100% | ||
optout | 0 | 38,094,295,595 | 100% | ||
bozz | 0 | 46,211,163,534 | 5% | ||
beeyou | 0 | 23,345,861,246 | 100% | ||
futurecurrency | 0 | 54,577,741,469 | 71% | ||
paragism | 0 | 850,415,006 | 9% | ||
obsesija | 0 | 2,864,692,751 | 12.5% | ||
yameen | 0 | 39,259,398,901 | 20% | ||
knowhow92 | 0 | 23,026,256,636 | 50% | ||
blainjones | 0 | 22,138,998,309 | 7.5% | ||
gadrian | 0 | 16,353,980,486 | 10% | ||
silwanyx | 0 | 1,635,307,280 | 25% | ||
ross92 | 0 | 827,102,714 | 12.5% | ||
legendchew | 0 | 37,251,612,898 | 100% | ||
kgakakillerg | 0 | 24,091,419,646 | 10% | ||
julialee66 | 0 | 16,602,246,167 | 12.5% | ||
getron | 0 | 672,724,879 | 25% | ||
xawi | 0 | 9,607,171,597 | 50% | ||
petertag | 0 | 13,940,352,247 | 100% | ||
trumpman2 | 0 | 3,129,112,673 | 30% | ||
celinavisaez | 0 | 4,933,174,128 | 17% | ||
tronsformer | 0 | 1,056,313,829 | 30% | ||
davidesimoncini | 0 | 9,254,588,608 | 31.8% | ||
meher04 | 0 | 658,588,724 | 30% | ||
cryptoandcoffee | 0 | 511,271,304,119 | 30% | ||
merlion | 0 | 604,324,675 | 12% | ||
marblely | 0 | 15,885,500,041 | 19% | ||
olumzy | 0 | 26,445,765,340 | 7.5% | ||
lexilee | 0 | 754,618,664 | 12.5% | ||
rokairforce | 0 | 1,403,554,618 | 6.25% | ||
gallerani | 0 | 1,564,579,268 | 25% | ||
rilo | 0 | 2,420,564,189 | 12.5% | ||
anttn | 0 | 7,742,859,309 | 30% | ||
holovision | 0 | 4,825,374,712 | 50% | ||
jk6276 | 0 | 43,414,233,601 | 60% | ||
raiseup | 0 | 911,926,689 | 12% | ||
steemaction | 0 | 1,587,896,756 | 12% | ||
pboulet | 0 | 743,422,527 | 0.7% | ||
lamprini | 0 | 967,409,861 | 100% | ||
oakshieldholding | 0 | 2,646,896,370 | 100% | ||
voter003 | 0 | 1,694,434,255 | 0.9% | ||
numanbutt | 0 | 1,315,760,062 | 100% | ||
thevil | 0 | 86,606,555,881 | 9.5% | ||
dallas27 | 0 | 30,315,134,688 | 100% | ||
banat | 0 | 5,771,873,456 | 25% | ||
hibbi | 0 | 683,703,108 | 12.5% | ||
khan.dayyanz | 0 | 48,502,078,898 | 100% | ||
suzana72 | 0 | 11,629,787,501 | 25% | ||
jacuzzi | 0 | 1,932,134,338 | 2.4% | ||
thegames | 0 | 753,255,302 | 50% | ||
victor-alexander | 0 | 7,278,401,094 | 100% | ||
mrsbozz | 0 | 12,094,663,018 | 50% | ||
navyactifit | 0 | 7,703,965,120 | 12.5% | ||
anonsteve | 0 | 32,395,921,657 | 100% | ||
flyingbolt | 0 | 1,887,933,180 | 25% | ||
xrp.ripple | 0 | 1,177,296,034 | 100% | ||
steem.weed | 0 | 810,098,729 | 70% | ||
goodcontentbot | 0 | 2,806,045,503 | 50% | ||
skyislimit | 0 | 0 | 100% | ||
writeandearn | 0 | 668,548,665 | 100% | ||
limka | 0 | 0 | 11.26% | ||
peter-bot | 0 | 705,949,844 | 100% | ||
nakamoto.satoshi | 0 | 1,365,561,512 | 100% | ||
hungrybear | 0 | 516,947,288 | 12% | ||
azarmadr3 | 0 | 1,810,821,547 | 100% | ||
jlordz | 0 | 697,035,988 | 30% | ||
hashkings | 0 | 3,412,862,473 | 3.75% | ||
src3 | 0 | 11,127,977,368 | 15% | ||
steem.cleaners | 0 | 1,378,267,999 | 100% | ||
shiris | 0 | 1,064,129,011 | 80% | ||
edian | 0 | 2,445,372,792 | 25% | ||
ambifokus | 0 | 34,308,141,718 | 12.5% | ||
guysellars | 0 | 1,348,879,971 | 100% | ||
tina-vs | 0 | 689,901,822 | 25% | ||
engrsayful | 0 | 1,269,437,483 | 6.25% | ||
azarmadr | 0 | 17,767,943 | 100% | ||
photographercr | 0 | 7,490,324,897 | 3.8% | ||
krunkypuram | 0 | 1,142,537,843 | 100% | ||
poliwalt10 | 0 | 1,705,229,243 | 55% | ||
megavest | 0 | 11,821,244,611 | 25% | ||
helgalubevi | 0 | 647,239,494 | 9.5% | ||
vancouverdining | 0 | 2,016,326,279,766 | 38% | ||
phillarecette | 0 | 95,357,819,582 | 100% | ||
travelwritemoney | 0 | 3,068,509,639 | 25% | ||
belico | 0 | 1,937,803,218 | 100% | ||
sanjatea | 0 | 1,771,595,114 | 25% | ||
realmankwon.scot | 0 | 2,907,987,838 | 100% | ||
abh12345.leo | 0 | 3,343,018,327 | 60% | ||
leo.voter | 0 | 14,551,657,204,906 | 25% | ||
leo.bank | 0 | 660,335,786 | 25% | ||
bala-leo | 0 | 9,147,289,830 | 100% | ||
babytarazkp | 0 | 3,662,366,814 | 40% | ||
driedfruit | 0 | 882,675,538 | 100% | ||
agro-dron | 0 | 2,631,067,475 | 25% | ||
clicktrackprofit | 0 | 98,997,972,289 | 100% | ||
coiotes.curator | 0 | 785,682,754 | 100% | ||
bastionpm | 0 | 1,341,971,331 | 25% | ||
elianaicgomes | 0 | 19,056,804,028 | 25% | ||
tomhall.leo | 0 | 1,530,710,201 | 100% | ||
pouchon.tribes | 0 | 54,611,413,655 | 100% | ||
kanibot | 0 | 11,893,537,269 | 50% | ||
marriakjozhegp | 0 | 1,306,706,201 | 30% | ||
arslan.leo | 0 | 1,593,164,185 | 100% | ||
cageon360 | 0 | 4,549,524,327 | 100% | ||
emeka4 | 0 | 989,188,403 | 100% | ||
mary.janikowski | 0 | 1,455,910,757 | 100% | ||
bruleo | 0 | 697,679,172 | 100% | ||
hongdangmu | 0 | 825,552,942 | 12.5% | ||
tonimontana.neo | 0 | 128,847,232 | 7.74% | ||
cineq24 | 0 | 200,129,613 | 100% | ||
oelgniksivart | 0 | 892,544,125 | 30% | ||
bilpcoin.pay | 0 | 515,261,598 | 10% | ||
viki76 | 0 | 656,521,587 | 25% | ||
toni.ggame | 0 | 606,205,247 | 5.84% | ||
rehan.neox | 0 | 711,799,103 | 50% | ||
snoochieboochies | 0 | 319,880,385 | 30% | ||
sumatranate.leo | 0 | 5,030,015,680 | 100% | ||
jkr88 | 0 | 290,624,119 | 100% | ||
minhajulmredol | 0 | 10,075,131,499 | 15% | ||
pjansen.ctp | 0 | 126,078,491 | 100% | ||
leomaniacsgr | 0 | 1,822,134,223 | 100% | ||
sharkthelion | 0 | 172,261,077,097 | 25% | ||
onestop | 0 | 4,171,405,036 | 12.5% | ||
photosnap | 0 | 11,538,270,450 | 25% | ||
marblesz | 0 | 1,286,635,196 | 19% | ||
bilpcoinbpc | 0 | 1,189,032,600 | 5% | ||
sportal | 0 | 2,703,060,273 | 25% | ||
grad.best | 0 | 2,737,534,689 | 25% | ||
steem-holder | 0 | 10,819,519,371 | 10% | ||
xxxxxxxxxxxxxxxx | 0 | 1,951,762,187 | 12.5% | ||
hive-180164 | 0 | 2,267,534,813 | 4.75% | ||
brofund | 0 | 6,031,488,343 | 2.31% | ||
sgerhart | 0 | 11,445,805,601 | 100% | ||
fengchao | 0 | 5,274,587,987 | 2% | ||
leofinance | 0 | 26,642,619,369 | 25% | ||
laruche | 0 | 30,092,941,954 | 0.7% | ||
ykretz | 0 | 779,415,638 | 2.5% | ||
flowerbaby | 0 | 3,200,515,990 | 14% | ||
penned-bullshit | 0 | 673,358,484 | 80% | ||
softworld | 0 | 16,272,180,831 | 88% | ||
captainhive | 0 | 528,685,610,799 | 25% | ||
mynima | 0 | 1,976,838,265 | 25% | ||
hjchilb | 0 | 919,040,810 | 100% | ||
mami.sheh7 | 0 | 894,265,096 | 15% | ||
alapok | 0 | 5,855,388,341 | 100% | ||
luminosity | 0 | 14,803,987,198 | 50% | ||
hive-143869 | 0 | 1,300,020,872 | 0.7% | ||
ninnu | 0 | 30,721,696,207 | 6.25% | ||
kiemis | 0 | 3,466,921,739 | 6.25% | ||
enricgr | 0 | 127,398,424,814 | 93% | ||
josepgs | 0 | 136,685,050,242 | 100% | ||
actioncats | 0 | 25,260,084,418 | 12.5% | ||
zemiatin1 | 0 | 670,127,864 | 65% | ||
beehivetrader | 0 | 9,980,019,256 | 100% | ||
diego1306 | 0 | 66,242,494,483 | 100% | ||
brofund-leo | 0 | 0 | 2.31% | ||
neoxcur | 0 | 787,251,229 | 100% | ||
brofund-ag | 0 | 65,066,952 | 2.31% | ||
sevenoh-fiveoh | 0 | 15,804,455,460 | 100% | ||
rezoanulv.leo | 0 | 4,946,503,572 | 100% | ||
briight | 0 | 1,259,295,703 | 100% | ||
soyalex | 0 | 28,634,008,906 | 100% | ||
eddie-earner | 0 | 626,218,076 | 12.5% | ||
gonklavez9 | 0 | 1,784,483,015 | 100% | ||
curatorcat.leo | 0 | 2,914,324,995 | 100% | ||
officialhisha | 0 | 160,068,860 | 100% | ||
tin.aung.soe | 0 | 17,327,697,675 | 35% | ||
torrey.leo | 0 | 631,688,937 | 100% | ||
jfang003 | 0 | 12,640,012,067 | 20% | ||
leoline | 0 | 18,094,347,558 | 100% | ||
netaterra.leo | 0 | 894,465,419 | 25% | ||
jmsansan.leo | 0 | 509,817,576 | 70% | ||
godfather.ftw | 0 | 3,474,401,851 | 100% | ||
sharkleo | 0 | 582,262,217 | 25% | ||
leo.tokens | 0 | 2,332,193,922 | 25% | ||
completewind | 0 | 2,444,417,402 | 100% | ||
adamada.leo | 0 | 846,659,466 | 100% | ||
specific | 0 | 9,210,629,518 | 100% | ||
moeen.leo | 0 | 1,023,709,163 | 100% | ||
libertyleo27 | 0 | 671,922,464 | 100% | ||
chacald.dcymt | 0 | 6,393,121,944 | 100% | ||
resiliencia.pal | 0 | 1,794,572,796 | 100% | ||
trumpikasleo | 0 | 712,825,758 | 100% | ||
cielitorojo | 0 | 12,793,099,235 | 12.5% | ||
meowcurator | 0 | 1,443,627,842 | 75% | ||
vid.observer | 0 | 1,916,264,146 | 25% | ||
wsb.mod | 0 | 1,182,239,846 | 100% | ||
fundacoven | 0 | 8,967,940,588 | 22.5% | ||
elgatoshawua | 0 | 3,328,751,585 | 12.5% | ||
zdigital222 | 0 | 121,159,592 | 100% | ||
arunbiju969 | 0 | 1,833,769,543 | 14% | ||
luckyali.leo | 0 | 823,686,635 | 25% | ||
cryptololo | 0 | 2,705,401,690 | 22.5% | ||
broadhive-org | 0 | 2,689,151,141 | 12.5% | ||
leoball | 0 | 5,723,535,041 | 100% | ||
babakush | 0 | 1,366,869,857 | 100% | ||
vanidike | 0 | 877,393,533 | 100% | ||
vip.trail.bank | 0 | 1,378,301,953 | 100% | ||
xvr | 0 | 1,377,890,738 | 100% | ||
xmp | 0 | 1,066,521,608 | 90% | ||
impurgent | 0 | 714,093,144 | 40% | ||
meesterleo | 0 | 957,635,955 | 60% | ||
r-cine | 0 | 207,627,504 | 15% | ||
superxsymbiote | 0 | 396,308,013 | 100% | ||
abtv | 0 | 3,831,288,649 | 100% | ||
libertyctp27 | 0 | 547,467,772 | 100% | ||
teknon | 0 | 7,480,716,173 | 100% | ||
jdike | 0 | 526,956,529 | 100% | ||
krrizjos18 | 0 | 741,986,412 | 9.5% | ||
espandorr | 0 | 1,592,153,195 | 100% | ||
rebeysa85 | 0 | 3,940,848,669 | 100% | ||
loboblanco | 0 | 11,637,686,028 | 100% | ||
readthisplease | 0 | 5,260,056,740 | 47.4% | ||
akane47 | 0 | 40,423,007,709 | 100% | ||
kamaleshwar | 0 | 5,772,529,387 | 50% | ||
chandra.shekar | 0 | 9,106,975,650 | 50% | ||
kannannv | 0 | 26,795,496,791 | 50% | ||
crypto-guides | 0 | 3,897,083,180 | 100% | ||
malopie | 0 | 2,150,816,408 | 80% | ||
sovstar | 0 | 832,198,074 | 6.25% | ||
onwugbenuvictor | 0 | 5,702,478,203 | 100% | ||
enochroot | 0 | 0 | 100% | ||
dlmmqb | 0 | 616,009,956 | 12.5% | ||
williamtboy | 0 | 509,140,805 | 23% | ||
trasto | 0 | 53,458,450,890 | 12.5% | ||
cryptokungfu | 0 | 5,012,664,140 | 100% |
I think they know their situation and will take steps to improve
author | aiovo |
---|---|
permlink | re-taskmaster4450le-20211019t21119390z |
category | hive-167922 |
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I think it is worth mentioning that there are many more ETF's lined for approval, some as early as this or next month, these are very big financial companies, that hold significant power in the industry and I think they are mainly inclined to make money and see the opportunity with btc based projects, therefore SEC and Gary in particular will have hard time keeping the gate shut for the big boys in my humble opinion. --- <center><sub>Posted via [proofofbrain.io](https://www.proofofbrain.io/@buff-news/r19rhy)</sub></center>
author | buff-news |
---|---|
permlink | r19rhy |
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That is true although I think most of them are futures oriented ones. There might be a couple that will use spot pricing like Grayscale but none as big. We will see how this all unfolds. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-buff-news-6aa7ra)
author | taskmaster4450le |
---|---|
permlink | re-buff-news-6aa7ra |
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huge news so exciting! knew it was just a matter of time before that product would come out
author | doitvoluntarily |
---|---|
permlink | r19688 |
category | hive-167922 |
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We will see what Gensler says about that one. He has a couple months to issue a decision. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-doitvoluntarily-4je8pl)
author | taskmaster4450le |
---|---|
permlink | re-doitvoluntarily-4je8pl |
category | hive-167922 |
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created | 2021-10-20 21:49:48 |
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Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) : <table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@taskmaster4450le/replies.png?202110201658"></td><td>You got more than 36500 replies.<br>Your next target is to reach 37000 replies.</td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@taskmaster4450le) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
author | hivebuzz |
---|---|
permlink | hivebuzz-notify-taskmaster4450le-20211020t172558 |
category | hive-167922 |
json_metadata | {"image":["http://hivebuzz.me/notify.t6.png"]} |
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Well I would prefer the Grayscale ETF over the Proshares one. Being backed by BTC plays a huge factor but I have a feeling the SEC will stop it. At least I think they like the futures market because everyone still transacts in dollars. I also think the futures market is way more riskier than the normal market so I don't know how they will refuse it. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450le-3bxjn9)
author | jfang003 |
---|---|
permlink | re-taskmaster4450le-3bxjn9 |
category | hive-167922 |
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created | 2021-10-20 03:49:54 |
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anthonyadavisii | 0 | 249,265,480,456 | 44% | ||
smartmeme | 0 | 17,579,712,137 | 49% | ||
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I agree especially since I am already in Grayscale. We will see what happened. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-jfang003-53tjv8)
author | taskmaster4450le |
---|---|
permlink | re-jfang003-53tjv8 |
category | hive-167922 |
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created | 2021-10-20 21:50:18 |
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jfang003 | 0 | 4,965,767,309 | 8% |
Another great post sir! I read a post on Seeking Alpha today from a bear who thinks the Wall Street Bitcoin products will crash the market soon just like the CME Bitcoin futures coincided with the 2018 crash. He think the top is now and it's nothing but down from here. I think he's nuts, but what do you think? Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@optout/re-taskmaster4450le-3pjszz)
author | optout |
---|---|
permlink | re-taskmaster4450le-3pjszz |
category | hive-167922 |
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created | 2021-10-20 01:16:00 |
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<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>!PIZZA</center><center><sub>8</sub></center>
author | pixresteemer |
---|---|
permlink | 20211020t005805967z |
category | hive-167922 |
json_metadata | {"tags":["archon","pixresteemer"],"app":"pixresteemer"} |
created | 2021-10-20 00:58:06 |
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<center>PIZZA! PIZZA Holders sent <strong>$PIZZA</strong> tips in this post's comments: @pixresteemer<sub>(2/10)</sub> tipped @taskmaster4450le (x1) <sub>Learn more at https://hive.pizza.</sub></center>
author | pizzabot |
---|---|
permlink | re-grayscale-backing-sec-and-gensler-into-a-corner-20211020t005923z |
category | hive-167922 |
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