Bitcoin ETFs Resubmitted: Slam Dunk With The SEC Or Rejected Again?
Following the SEC stating that recent filings were inadequate, all spot Bitcoin ETF proposals have been submitted.
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Following the SEC stating that recent filings were inadequate, all spot Bitcoin ETF proposals have been submitted.
Barry Silbert, founder and chief of Digital Currency Group (DCG), has revealed that the company owes $2B to its subsidiaries and external creditors.
Genesis customers will likely be waiting for weeks before they can withdraw their funds.
The leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
Bankruptcy may be inevitable if a bailout cannot be secured.
The question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market.
Genesis and its parent company, Digital Currency Group (DCG), are under pressure, and there are growing concerns about their potential default.
Genesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.